Kansas Starting to See Effects of Financial Turmoil

Revenue Slump
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Kansas government is feeling the effects of turmoil in the nation's financial markets. The Legislative Research Department reports several signs that businesses and individuals are earning less income than expected.

The department says revenues for the first quarter of the 2009 fiscal year were nearly $19 million below the projected $1.4 billion. Corporate and individual income taxes provided a little more than half of the state's revenues. Those collections were 4 percent below expectations.