Friday, April 19, 2013
Kansas officials have made relatively little adjustment in projections for the state's overall revenues through June 2014.
The officials and economists issued a new fiscal forecast Friday, revising one issued in November.
The new forecast predicts the state will collect $6.2 billion in revenues during the current fiscal year and $5.5 billion for the fiscal year beginning in July. The figures are close to previous projections.
The forecasters predicted revenues would decline by $745 million during the next fiscal year following income tax cuts enacted last year. The drop would be 12 percent.
Kansas Legislative Research Department Director Raney Gilliland said forecasters believe the economy will remain stagnant in the near future.
The forecasting team includes legislative researchers, the governor's budget staff, Department of Revenue officials and university economists.