(Developing: Will be updated)
As the U.S. economy struggles with the country in the grips of the coronavirus pandemic, Kansas is lowering revenue projections by about $1.3 billion for fiscal years 2020 and 2021.
Fiscal analysts decreased revenues by $1.27 billion over the two years, including $826.9 million for the current fiscal year and $445 million for fiscal year 2021.
The plunging revenues — judged as a landmark moment because of the speed and the amount the revenue fall — would leave the state with about $200 million in the bank at the end of June but facing . . .