Wednesday, November 19, 2014

Kansas officials expected to issue more pessimistic revenue forecast as budget shortfall looms - Associated Press

Republican Gov. Sam Brownback and the GOP-dominated Legislature will get new revenue projections that are expected to make the state's budget problems look worse and intensify discussions about trimming spending. Legislative researchers, members of Brownback's budget staff, Department of Revenue officials and university economists are meeting Monday afternoon to draft a new financial forecast for state government. It will revise revenue projections for the budget year that began in July and issue the first official numbers for the budget year beginning in July 2015. The Legislature's nonpartisan research staff made unofficial predictions going into the meeting of a $14 million budget shortfall by July, compounding to $282 million by July 2016. http://www.foxbusiness.com/markets/2014/11/09/kansas-officials-expected-to-issue-more-pessimistic-revenue-forecast-as-budget/