Kansas Revenue Forecasters to Meet Election Day
Associated Press - Tue 07:17 PM 10/30/2012
The Nov. 6 meeting will allow the forecasters to revise earlier projections for the fiscal year that began July 1.
Kansas officials and university economists plan to meet Election Day to draft new revenue projections for Gov. Sam Brownback and legislators to use in making budget decisions.
The Nov. 6 meeting will allow 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 team includes legislative researchers, members of Brownback's budget stuff, Department of Revenue officials and economists from the state's three largest public universities.
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 income tax cuts enacted in May.
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