TOPEKA, Kan. (AP) — A new revenue forecast being drafted by Kansas officials will tell Republican Gov. Sam Brownback and the GOP-dominated Legislature the size of the budget problems they’re facing.
Legislative researchers, officials in the Brownback administration and university economists were meeting Monday afternoon to draft the new forecast.
It will revise revenue projections for the budget year that began in July and issue the first official numbers for the budget year beginning 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.
The new forecast is widely expected to be more pessimistic.
The budget problems come after legislators enacted massive personal income tax cuts at Brownback’s urging to stimulate the economy.