AP: New estimate for Kan. budget deficit is $682M

AP: New estimate for Kan. budget deficit is $682M

TOPEKA, Kansas (AP) – The size of Kansas’ projected budget deficit grows to $682 million for the fiscal year that begins July 1.

It’s the gap that would occur if the state tried to duplicate its current budget during its 2010 fiscal year.

The new figure Friday from legislative researchers is higher because state tax collections fell $14 million short of expectations in February. State officials had anticipated tax revenues of more than $260 million. Instead, Kansas collected less than $247 million.

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