Kansas Officials And Economists Meet To Determine Revenue Projections For 2015
Kansas officials and economists will gather next week to study revenue projections for the coming year.
They hope to find out if the state economy is growing and if tax receipts will keep government afloat.
Legislative leaders on gave differing views yesterday of what the projections for what the next fiscal year will look like, but agreed that the state faces challenges.
Tax collections through March were $130 million dollars above the forecasters’ November estimate.
Next week’s projections are expected to be revised upward to reflect the growth, which will help legislators finish the fiscal 2015 budget when they return later in April.
Legislative staff project the state will maintain positive balances--at least through the next fiscal year--before budget cuts or revenue increases are necessary.