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.)
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