TOPEKA, Kan. (AP) – Revenue Secretary Nick Jordan says he expects a new fiscal forecast to be more optimistic about state revenues through June 2015.
Jordan made his comments Thursday just before he and other state officials began drafting a new fiscal forecast to guide legislators and Gov. Sam Brownback in budget decisions.
They expected to release the new forecast Thursday afternoon.
The new forecast will revise earlier revenue projections of $5.9 billion in state revenues, both for the current fiscal year and for the fiscal year beginning in July.
Since July 2013, the state has collected $141 million more than anticipated, or 3.6 percent more than the official forecast.
But total revenues are running 5.6 percent behind collections from the previous fiscal year because of income tax cuts championed by Brownback.