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Archive for Wednesday, January 6, 2010

State’s budget shortfall grows in December

January 6, 2010

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— Kansas’ projected budget gap has grown because of lower-than-expected revenue collections last month.

The Kansas Legislative Research Department reported Wednesday that December revenues were almost $23 million less than anticipated. The shortfall was 4.3 percent.

The state anticipated collecting $536 million and took in about $513 million.

The Research Department now projects a budget shortfall of $392 million for the fiscal year that begins July 1.

Legislators and Gov. Mark Parkinson must close the gap. Lawmakers open their annual 90-day session Monday.

Comments

finance 5 years ago

And nobody could see this coming, with all the planned budget decimation? Let's not kid ourselves: there are people in Kansas who think this is a really good outcome and who planned for it all along. Disgusting.

true_patriot 5 years ago

Time to reverse the estate-tax phaseout, step up corporate tax collection enforcement, and raise taxes slightly. We've hacked away at the expense side of the equation for far too long while ignoring the revenue side of the equation. The time has come to increase revenue.

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