Consensus Revenue Estimating Group Kansas
Consensus Revenue Estimates Kansas Division Of The Budget
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Kansas consensus revenue estimating group.
Consensus revenue estimating group kansas. Lawmakers face call to grow government with higher tax revenue. State general fund revenue estimate for fy 2020 and fy 2021 the consensus estimating group met today to revise the november 7 2019 state general fund estimates for fy 2020 and fy 2021. Sam brownback and lawmakers have been scrambling. Brownback insists a sluggish economy caused by low crop and oil prices is responsible for the shortfalls in revenue.
Known as the consensus revenue estimating group or cre they meet every april and november to guess state tax revenue. Danedri herbert april 24 2017. Tags kansas consensus revenue estimating group. When the consensus revenue estimating group met in november it lowered its 2016 and 2017 estimates by a combined 353 6 million.
The group will review the fall estimate and make any revisions it may consider necessary. Listen to the radio version of this story on kansas public radio. When the consensus revenue estimating group met in november it lowered its 2016 and 2017 estimates by a combined 353 6 million. The consensus revenue estimating group comprised of the department of revenue division of budget legislative research department and economists from the university of kansas kansas state university and wichita state university will meet on april 20.
Consensus revenue estimates the tool used by both the governor and the legislature to determine state general fund revenue is the consensus revenue estimate prepared by the consensus revenue estimating group. When the consensus revenue estimating group met in november it lowered its 2016 and 2017 estimates by a combined 353 6 million. In 2021 the state coffers would see a rebound of 405 million. Subscribe to the sentinel newsletter.
The cre guessed kansas total receipts would drop roughly 540 million from 2019 to 2020. Danedri herbert november 12 2019. The consensus revenue estimating group is made up of representatives of the division of the budget department of revenue legislative research department and one consulting economist each from. Kansas legislative research department and kansas division of the budget re.
The revisions include the estimated impact. Sam brownback and lawmakers have been scrambling to balance the budget.
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