Kansas preparing to disclose tax collections in November

kansas-department-of-revenue

TOPEKA, Kan. (AP) — Kansas is preparing to issue its first report on tax collections since officials slashed the state’s official revenue projections to reflect their pessimism about the economy.

The state Department of Revenue’s report Thursday on November tax collections was coming three weeks after its officials, members of Republican Gov. Sam Brownback’s budget staff and legislative researchers revised the state’s fiscal forecast.

The forecasters reduced their projections for tax collections during the current budget year by $355 million, or 5.9 percent. The new forecast left the state with a projected budget shortfall of $349 million at the end of June 2017.

The state’s tax collections have fallen short of expectations 10 of the past 12 months. They exceeded expectations only in April and November 2015 after revenue projections were revised.

 

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