New forecast ups Kansas tax estimate by $291M

Cropped Photo: 401(K) 2012 / CC BY-SA 2.0
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TOPEKA, Kan. (WIBW) -- Democratic Gov.-elect Laura Kelly has received good news about the budget picture in Kansas with the release of a new fiscal forecast for state government.

Fiscal forecasters on Friday boosted the projection for tax collections expected during the current fiscal year by $291 million. That’s 4.2 percent higher than the previous forecast made in April.

The state now expects to collect $7.2 billion in general tax revenues for the fiscal year.

The forecasters also are predicting modest growth in tax revenues for the next fiscal year that begins in July 2019.

But the picture is not completely rosy. State Budget Director Larry Campbell said the forecasters expect economic growth to slow in 2021.

Kelly promised during her successful campaign for governor to boost spending on public schools without increasing taxes.