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State shows red ink in latest TopERA budget update
AP reports the latest Kansas budget figures remain negative with revenue through May 31, 2001 about 181 million dollars below forecast and the Department of Revenue placing a shortfall of 194 million. Officials warn of potential deficits and possible further cuts as fiscal year 2002 ends. The gap stems from weak income tax receipts and higher non tax income, including a 10 million tobacco settlement receipt.
MENTIONED IN THIS ARTICLE
Topera
Kansas Legislative Research Department
Department of Revenue
Bill Graves
Duane Goossen
Graves
Statehouse
Don Brown
Brown
Legislative Research Department
Department
Insurance Department
Goossen
Kansas
Stephen Richards
Richards