The budget bill sent to Kansas Gov. Mark Parkinson last week contains $92 million in spending cuts for fiscal 2010 that may not be sufficient to balance the budget before the state’s fiscal year ends June 30.

The cuts would eliminate a shortfall expected when the latest official revenue estimate was developed in November, but the latest collections are $39 million below the earlier estimate. The state must end the year with a balanced budget.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.