Estimate for Kansas budget shortfall declines

TOPEKA | Kansas' projected budget shortfall has shrunk because of better-than-expected tax collections in March.

The Legislature's research staff said Monday that the shortfall is now $433 million for the fiscal year beginning July 1. The previous figure was $467 million.

The shortfall represents the gap between anticipated revenues and the amount of spending needed to keep government programs at current levels. The figure has changed month to month, based on tax collections and other factors.

Tax collections in March were $14 million more than anticipated, with the state collecting almost $393 million.

But revenues are still lagging behind expectations for the current fiscal year.

State officials and university economists last issued a fiscal forecast in November. They'll provide a new one April 16.