TOPEKA, Kan. (AP) _ New figures on tax collections suggest the state could be headed for some big budget problems.
Preliminary figures from the Department of Revenue show that the state collected $51 million less than anticipated in taxes in May. The shortfall was almost 8 percent.
That's a problem because legislators based budget decisions on a
financial forecast made last month. And they ended their session last month already expecting to face financial headaches next year.
The state expected to collect about $664 million in general tax revenues in May and instead collected $613 million. Individual income tax collections fell almost $38 million short of expectations.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.