Kansas' Fiscal Year Ends With a Big Shortfall

Associated Press in The Emporia Gazette

Kansas’ June tax revenues fell $28 million short of projections, pushing the shortfall for the fiscal year that ended Monday to nearly $338 million. Preliminary figures show that Kansas collected nearly $5.5 billion in taxes and fees in fiscal 2014. The projections that lawmakers used to craft the state’s annual budget called for Kansas to collect about $5.8 billion. Revenues in April and May were a combined $310 million short of expectations.

Read the entire story at The Emporia Gazette.

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