A group of economists and state officials has increased the state’s revenue projections for the current fiscal year. They say the new numbers suggest the economy is growing, and they expect Kansas will collect $200 million more this fiscal year than previously estimated. But, State Budget Director Steve Anderson says they’ll need to keep an eye on the economy.
Anderson warns there is still a chance for a double-dip recession. Director of the Kansas Legislative Research Department, Alan Conroy, says they’ll also be watching the unemployment rate.
Most of the projected growth in tax revenues this year is from increased income tax collections. Lawmakers and the governor will use the new estimate as they build the state budget.