Friday, Kansas saw most of Projected State Budget Shortfall melt away. A new Fiscal Forecast for State Government is less pessimistic about the economy and tax collections than the dire forecast issued this Spring during a statewide lockdown for the coronavirus pandemic. The forecasting group boosted the State’s Projections for Tax Collections by $463 million, or 6.3% for the 2021 Budget Year that Began July 1st. The Legislature’s Nonpartisan Research Staff now projects a $153 million budget shortfall for the State’s 2022 Budget Year. In July the researchers had projected the shortfall would approach one and a half billion dollars.
