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Wed November 6, 2013
State Adjusts Revenue Projections
Kansas officials have slightly reduced their projections for state revenues during the current fiscal year.
Fiscal forecasters said the state should collect $5.86 billion in revenues during the current fiscal year. That's $29 million lower than the previous projection made in April.
But acting Budget Director Jon Hummel said Wednesday the state will still be able to sustain the spending in the budget for both the current fiscal year and the one that begins in July 2014.
The forecasters also issued the first projections for the next fiscal year. They're predicting that the state will collect $5.92 billion in revenues. The growth would be $61 million, about 1 percent.