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Apr 17, 2009 - 5:16:27 PM

The Consensus Estimating Group met today to revise the estimates for FY 2009 and FY 2010.

For FY 2009, the estimate was decreased by $115.3 million, or 2.0 percent, below the previous estimate, which was made in November 2008. While the estimate for total taxes was decreased $234.9 million, this was partially offset by a number of changes to transfers approved during the first months of the 2009 legislative session.

The estimate for FY 2010 was decreased by $401.6 million, or 6.9 percent, below the previous estimate, which was made also in November 2008. Tax receipts for FY 2010 decreased $509.3 million.

Over the two years estimated tax receipts decreased $744.2 million.

Source: Consensus Estimating Group and the Kansas State Department of Education