Experts Brighten State's Revenue Forecast

By: AP/WIBW (Posted by Melissa Brunner)
By: AP/WIBW (Posted by Melissa Brunner)

TOPEKA, Kan. (AP) _ Kansas officials have raised their forecast
of state revenue through the middle of next year by $252 million.

Economists and state officials had predicted last November that revenue would total $6.2 billion both in the current budget year, which ends June 30, and in the following fiscal year.

On Friday, they raised those projections to slightly less than $6.4 billion this year and more than $6.4 billion in the 2013 fiscal year, which starts July 1.

Steve Anderson, Gov. Sam Brownback's budget director, said the new numbers reflect that the economy continues to grow.

The Governor's Office issued a caution about the projections.

“Today’s news is proof that the Governor’s policies to control state spending and grow the economy are working. The Kansas economy is recovering faster than the nation’s because we’ve made tough choices and budgeted responsibly. Now is not the time to go back to wasteful spending but instead to move forward with pro-growth tax reform that cuts individual income tax rates for all Kansans and accelerates small business growth by allowing more capital for reinvestment and job growth,” said Sherriene Jones-Sontag, communications director for Gov. Brownback.

Lawmakers are on their spring break. They return to session, where they have yet to reach agreement on a budget bill, April 25th.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

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