Pessimistic Kansas Revenue Forecast Anticipated
Associated Press - November 9, 2014 8:26 am
Republican Gov. Sam Brownback and the GOP-dominated Legislature will get new revenue projections that are expected to make the state’s budget problems look worse.
Legislative researchers, officials in the Brownback administration and university economists are meeting Monday afternoon to draft a new financial forecast for state government.
It will revise revenue projections for the budget year that began in July and issue the first official numbers for the budget year beginning July 2015.
The Legislature’s nonpartisan research staff made unofficial predictions going into the meeting of a $14 million budget shortfall by July, compounding to $282 million by July 2016.
A new, more pessimistic forecast would cause the gaps to grow.
The budget problems come after legislators enacted massive personal income tax cuts at Brownback’s urging to stimulate the economy.