November 6, 2012
Kansas officials and university economists are preparing to issue new revenue projections for Gov. Sam Brownback and legislators to use in making budget decisions.
Tuesday's meeting allows the forecasters to revise earlier projections for the fiscal year that began July 1. They'll also issue the first official estimates for the fiscal year that begins in July 2013.
The current forecast was issued in April and predicts the state will collect $6.4 billion in revenues in the current fiscal year. But the projections don't take into the account massive state income tax cuts enacted in May.
The forecasting team includes legislative researchers, members of Brownback's budget stuff, Department of Revenue officials and economists from three state universities.