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Archive for Thursday, September 6, 2001

State revenue ahead of projection

September 6, 2001

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— State revenue collections exceeded estimates for the first two months of fiscal 2002 by $8.6 million.

The Kansas Legislative Research Department released figures Wednesday showing the state collected $573.4 million, or about 1.5 percent more than estimated. The figures were for July 1 through Aug. 31.

Officials said the state collected more than estimated in agency earnings, compensating use and estate taxes. However, individual income taxes, severance taxes and interest earnings fell short.

Total collections for the first two months of fiscal 2002 have surpassed the same period of the previous year by $21.2 million, or about 3.7 percent.

Officials said the collections do not take in to account any of the $49 million anticipated through increased collections in back taxes by the Department of Revenue. Those figures will be reflected by estimates later in the fiscal year.

Legislators authorized the department to hire more than 50 employees to increase collections in effort to shore up sagging state revenues. Revenue officials have told legislators they expect to have the employees trained and in place by Dec. 1.

The state's consensus estimating group made its estimates for revenue collections on April 4. The next revisions will be made in November.

State agencies are preparing their budgets for fiscal 2003 based on April's revenue estimates. Current projections show the state with little or no additional revenue for spending growth in fiscal 2003.

Agencies have been asked to submit budgets based on a set allocation. All but education, judiciary and the Legislature have been asked to submit budgets reflecting cuts of up to 4 percent.

Budget requests, which will be used to draft the document Gov. Bill Graves presents to the Legislature in January, are due by Sept. 15.

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