Kansas budget director Adam Proffitt said Tuesday the state government was on track to meet revenue projections necessary to create a $2.6 billion ending balance in the current fiscal year and reinforce the state’s financial position with $1.6 billion in a rainy day emergency account. He told participants at Washburn University’s economic outlook conference the state generated $2.2 billion in revenue during the initial three months of the fiscal year. That was a 0.5% or $10 million above the estimate issued in April. If all goes as assumed, he said, the state would spend only $9.4 billion of $10.3 billion in revenue flowing into the state general fund during the year ending June 30, 2024.
Source: Derby Informer | News
