DALLAS – A combination of income tax cuts and the looming demise of a sales tax increase will leave Kansas with a $327 million revenue shortfall in fiscal 2014, according to a forecast adopted by the state’s official Revenue Estimating Conference late Tuesday.

The estimate for general fund revenues of $5.46 billion in 2014 is $705 million less than expected in fiscal 2013.  The panel also adopted a revised estimate for 2013 revenues of $6.2 billion, down slightly from April’s estimate and 4% less than collected in fiscal 2012.

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