Kansas Division of the Budget

01/17/2017

Two-thirds of states face budget challenges.

12/15/2016

"Something unusual happened with state budgets across the U.S. in fiscal year 2016, according to a semi-annual report the National Association of State Budget Officers released Tuesday.

Nationwide, 19 states enacted mid-year budget cuts worth $2.8 billion. That marks a historically high number of states with mid-year spending reductions during a non-recessionary period, the report says. Revenue shortfalls during the second half of the fiscal year were the main reason for the cuts"

It had to do with mid-year budget cuts and it’s outlined in a new report from the National Association of State Budget Officers.

11/04/2016

Are the revenue and budget challenges we are facing specific to Kansas? Judge for yourself from a few news clips from around the nation.

Indiana's tax collections fall short of expectations for a seventh month in a row. In September, revenue was $24.8 million, or 1.7% less than the revenue forecast. http://www.nwitimes.com/news/local/govt-and-politics/hoosiers-didn-t-shop-until-they-dropped-in-september/article_8704c91d-28cc-5a90-9631-96a621c49903.html

Nebraska is facing a $1 billion budget shortfall as a new Nebraska forecast projects tax revenues will fall $910 million below estimated expenses through the end of the next budget period. Revenue estimates for Nebraska were reduced based on a gloomy agricultural economy and lower-than-expected tax receipts this year.
http://www.omaha.com/news/legislature/nebraska-lawmakers-facing-nearly-billion-budget-shortfall-next-year/article_2a21f51c-9d4f-11e6-afa8-53028238ee09.html

Colorado's Governor has proposed budget cuts because revenue is not keeping pace with spending demands.
http://www.denverpost.com/2016/11/01/2018-colorado-budget-john-hickenlooper-cuts/

Iowa lowers revenue projections for the current fiscal year citing a slowdown in agricultural income. http://www.desmoinesregister.com/story/news/2016/10/13/farm-slowdown-pushes-iowa-tax-revenue-493-million-lower/92006676/

South Dakota's agriculture sector is causing weakness in tax receipts. http://www.capjournal.com/news/weak-economy-could-require-state-government-budget-cuts/article_f46d38c4-9b3b-11e6-974a-5791f6aefe14.html

West Virginia's tax collections were 2% less than estimates in October. With the October tax revenue figures, the budget shortfall has grown to $87.45 million four months into the fiscal year. http://www.wvgazettemail.com/news/20161102/wvs-tax-revenue-slide-continues-deficit-hits-87m

Wyoming is experiencing a $156.6 million budget shortfall as a result of the largest revenue decrease in recent memory due to weakness in the energy sector. http://trib.com/business/energy/report-wyoming-will-be-in-the-hole-almost-million/article_a4214004-cde6-5fc0-9de7-139616d5e907.html

Mississippi's revenue was 2.27% less than estimates for the first quarter of the fiscal year and experienced its worst first quarter performance since the Great Recession. The lower than expected revenue collections follow a trend in which the state has met revenue estimates only once in the past 12 months. http://www.sunherald.com/news/state/article109251677.html

Louisiana is facing a large budget shortfall attributable to low corporate tax collections as well as lower-than-expected sales tax revenue. http://www.nola.com/politics/index.ssf/2016/10/louisiana_budget_deficit_bigge.html

Virginia projects a $1.48 billion revenue shortfall. http://www.richmond.com/news/virginia/government-politics/general-assembly/article_b57f7238-e21f-5514-9903-99d434195b25.html

The new forecast calls for tax revenues to fall $910 million below projected expenses from now through the end of the next budget period.

11/03/2016

Massachusetts budget chief warns of deeper shortfall to come.

Secretary Kristen Lepore told lawmakers that beyond the $294 million budget gap she’s already identified, the state could be staring down an additional $100 million deficit at MassHealth due largely to a mounting caseload.

The state’s budget problems apparently could get even worse, Gov. Charlie Baker’s budget chief warned yesterday.Secretary Kristen Lepore told lawmakers that beyond the $294 million budget gap she’s already identified, the state could be staring down an additional $100 million defic...

11/03/2016

Maryland Governor asks for $82 million in spending cuts from current budget.

The Hogan administration will ask the Board of Public Works to approve $82 million in spending cuts from the current state budget, including cuts to colleges and universities, local governments and Medicaid .

11/03/2016

Louisiana facing a budget shortfall. "Dardenne said the shortfall is mainly attributed to low corporate tax collections as well as lower-than-expected sales tax revenue."

Higher education and health care service could have to go through another round of cuts

11/03/2016

Colorado budget plan "will probably prove painful because state revenues are not keeping pace with current demands."

Colorado Gov. John Hickenlooper proposed a $28.5 billion state budget Tuesday that cuts spending on education, hospitals and road construction to help close a $500 million shortfall.

11/01/2016

Kansas corporate tax receipts for the first four months of the fiscal year are $27.9 million, or 24.99% less than the first four months of the previous fiscal year.

Nebraska and Oklahoma have not reported October tax receipts yet. However, their corporate income tax receipts through the first quarter reflect a similar downward trend. In Oklahoma, corporate income tax collections were $61.3 million, or 60.4% less for the fiscal year to date compared to the prior year. Nebraska showed a $31.7 million, or 39.97% drop in corporate income tax receipts for the first three months of the fiscal year compared to the prior year.

11/01/2016

Falling revenues drag down U.S. state credit quality

The credit quality of U.S.states is dropping as a result of flagging revenue growth, evenas the national economy continues to expand, according to areport due on Wednesday from global investment management firmConning Inc.

11/01/2016

"Weakness among manufacturers linked to agriculture and energy continue to weigh on regional economic conditions."

OMAHA, Neb. — A monthly survey of business leaders suggests the economy will continue slowing in nine Midwest and Plains states, in part because of manufacturing weakness, according to a report released Tuesday.