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Economy

Kansas Officials Awaiting December Tax Revenue Numbers

State officials will learn today if tax collections last month in Kansas met their projections. As KPR’s Stephen Koranda reports, the state is expecting a small savings account, so monthly revenue numbers are critical.

In November, economists and Kansas officials lowered the projected tax collections for the current fiscal year. That put Kansas into a deficit. Gov. Sam Brownback’s administration immediately announced budget adjustments to fill the hole, but as Budget Director Shawn Sullivan told lawmakers, it didn’t leave the state with much in the bank: just $6 million dollars.

“Obviously, not the ending balance that would be desired or would not be enough to get us through the fiscal year with some wiggle room or comfort,” Sullivan says.

Positive tax numbers in November boosted the savings account, but it’s still very small.

If December and the following months have positive tax numbers, lawmakers may not need any additional budget fixes. But low tax collections could push the current fiscal year’s budget into a deficit, again.