Experts are saying the coronavirus pandemic has yet to fully hit the Kansas state budget. Tax collections fell only $8.6 million short of expectations in March.
The state Department of Revenue reported Wednesday that tax collections last month were $523.4 million when the state projected collections of $532 million. The shortfall was only 1.6%. The lower-than-expected revenues can be attributed largely to insurance companies paying the state tax on their premiums early.
State officials expect job losses and a decrease in economic activity to cut into state revenues starting next month. Gov. Laura Kelly issued a statewide stay-at-home order in that is effect until April 19.
