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Thu October 1, 2009
Kan. Revenues Fall Below Estimates
Topeka, KS – September may have been a bad month for the Kansas budget as corporate and income taxes fell below estimate.
Kansas officials say the state's revenues in September came in $67 million below expectations. So far in the fiscal year that began July 1, state revenues are $65 million below the forecasts that formed the basis for the state budget.
Kansas Governor Mark Parkinson issued a statement noting that revenues in August had been slightly higher than expected. Parkinson says the state can manage the overall shortfall through careful management of existing funds.