State Revenues Down $130 Million

State revenues are down for fiscal years 2010 and 2011 by more than $130 million dollars.

The Kansas Division of the Budget released its latest figures Friday afternoon.

The figures bring grim news to an already strapped budget. Kansas Governor Mark Parkinson released a statement saying " This estimate confirms what we have predicted since the start of the year - despite having already cut more than a billion dollars in state spending, Kansas still faces a $510 million budget shortfall.
This hole is too big to fill with additional cuts. $510 million in cuts would decimate our schools, public safety programs and safety net services for our most vulnerable Kansas.
Instead, we must implement a temporary solution so that we can create lasting economic recovery. That’s why I reiterate my call for the legislature to return to Topeka at the end of the month prepared to raise the revenue we need to prevent permanent damage to the foundation of our state. The only cost we cannot bear is the cost of doing nothing.”

Lawmakers return for the wrap up session next week as they try to balance the budget.