Kansas Officials To Present New Fiscal Forecast

Kansas officials and university economists

are preparing to issue new forecasts of state revenue through June

2013.

The team scheduled to meet Friday includes legislative

researchers, members of the governor’s budget staff, Revenue

Department officials and economists from three universities.

After reviewing economic trends, the forecasters will issue

revised revenue projections for the current fiscal year, which ends

June 30, and for the 2013 fiscal year, which starts July 1.

The most recent forecasts were issued in November and predicted

Kansas would collect $6.2 billion in revenues in both fiscal years.

But since last July, revenues are running $108 million ahead of

the forecast, a surplus of nearly 3 percent.

Gov. Sam Brownback and legislators will use the new forecast in

finishing a state budget for the next fiscal year.