Kansas Faces Budget Revenue Shortfall

KSCB News - November 11, 2014 7:57 am

A new Kansas revenue forecast says the state will face a $279 million budget shortfall by July and an even bigger gap to close in the year after that.

State officials released a new financial forecast Monday that revised the state’s revenue projections for budget year that began in July.

The forecasters dropped the expectation of total revenues by $206 million, to just under $5.8 billion.

The state officials and university economists also issued the first projections for the fiscal years beginning in July 2015 and 2016. They said revenues would be $5.8 billion in the next fiscal year, then just shy of $5.9 billion.

Officials said after closing a $279 million gap in the current budget, the state still would have another $436 million shortfall by July 2016.

 

Latest Stories

Non Profits Need to Sign MOU for Cares Funding

Seward County’s consultants, Iparametrics met with county staff on August 5, 2020 to discuss logistics and...

Presidential Candidate Brad Bennett to Visit SCCC campus Aug. 11

LIBERAL, Kan. — Brad Bennett, the first of five candidates to interview for the president position...

SCCC Schedules First Round of Interviews in Presidential Search

LIBERAL, Kan. — In its search for the eleventh president of Seward County Community College the...