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Kansas Sees Only Slight Change in Revenue Estimates

Associated Press - November 6, 2013 6:43 pm

A new report by the Kansas University Center for Banking Excellence has determined that the state of banking in Kansas is greatly improved and the industry positioned to thrive despite new regulatory standards.

A new report by the Kansas University Center for Banking Excellence has determined that the state of banking in Kansas is greatly improved and the industry positioned to thrive despite new regulatory standards.

Kansas officials have slightly reduced their projections for state revenues during the current fiscal year.

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.

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 of $5.89 billion.

The previous estimate was made in April.

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, or 1 percent.

Iggy P Daily

November 7, 2013 at 12:17 am

The economy is in the toilet and now we are losing our health insurance or the cost is 3 or 4 times of what we are currently paying. There is no money to go around.

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