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Kansas to Learn Whether March Tax Collections Fell Short

Kansas Statehouse (Photo by Dan Skinner)

TOPEKA, Kan. (AP) — Officials are waiting to learn whether state tax collections in March fell short of expectations. The Kansas Department of Revenue's report today (FRI) could complicate the state's budget picture. It also comes ahead of an April 20 meeting of legislative researchers, university economists and officials in Republican Governor Sam Brownback's administration to issue revised revenue projections. The $16 billion budget approved by lawmakers for the fiscal year beginning in July would leave the state with less than $50 million in cash reserves at the end of June 2017. Continued shortfalls would erode those projected reserves. Tax collections were lower than anticipated in 11 of the previous 12 months. Kansas has struggled to balance its budget since cutting personal income taxes dramatically in 2012 and 2013 to stimulate the economy.

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