Kansas officials hope new fiscal forecast is more optimistic
April 16, 2017
TOPEKA, Kan. (AP) — Kansas is preparing for a new fiscal forecast for state government this week that officials hope is more optimistic and makes fixing serious budget problems easier.
The forecasting group plans to meet Thursday to revise a pessimistic forecast issued in November. The previous forecast left the state with projected budget shortfalls totaling more than $1 billion through June 2019.
Since that November forecast, the state's tax collections have exceeded expectations by $57 million and given the state a 1.4 percent revenue surplus for its current fiscal year.