Salina, KS

Now: 31 °

Currently: Fair

Hi: 52 ° | Lo: 26 °

Kansas Officials Boost Revenue Estimates by $178M

KSAL StaffApril 17, 2014

Kansas officials are projecting that the state will collect nearly $178 million more in revenues than previously thought through June 2015.

The new revenue projections issued Thursday brighten the state’s budget picture and would appear to allow Kansas to avoid a budget shortfall through June 2016.

The previous revenue projections, issued in November, estimated that the state would collect about $5.9 billion in taxes and other revenues for the current fiscal year and again during the fiscal year beginning in July.

The new projections predict about $6 billion in revenues for each fiscal year.

But revenues during the current fiscal year would still run about 6 percent behind revenues during the previous year because of income tax cuts championed by Republican Gov. Sam Brownback.

Copyright © Rocking M Media, 2020. All Rights Reserved. No part of this story may be reproduced without Rocking M Media’s express consent.

CATEGORIES :



STAY IN TOUCH!

GET OUR APP!

LATEST POSTS

Tips On Pet-Friendly Than...
November 25, 2020Comments
Pumpkin is King of the Pi...
November 25, 2020Comments
Add a Dash of Safety to H...
November 25, 2020Comments
Citizen Review Board Volu...
November 25, 2020Comments

LATEST TWEETS

Read all tweets