March revenue totals fall below estimates

After four months of slight improvement in state revenue, the state saw a decline for the month of March.

March revenue collections fell $11.7 million below projections, which was 2.7 percent lower than estimates for the month.

But even with the shortfall, revenue for the current fiscal year is running about $57 million above projections.

That figure, however, is still much less than what Kansas needs to balance its budget. The state is facing a revenue shortfall of more than $1 billion through June 2019.

Legislators will be busy this week working on budget and tax issues and school finance as this is the last week of the regular session with the wrap up session scheduled to start May 1.

Later this month, state budget experts will meet again to provide another revenue forecast for the remainder of the current fiscal year and the next one that starts July 1.

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