The State of Kansas, like most states, uses revenue projections to create their financial plans. This August, however, the projection for the state of Kansas turned into a truly bad guess. Wichita Eagle reporter Bryan Lowry summed it up effectively here:
The shortfall for the month was primarily driven by corporate income tax. The state had anticipated bringing in $10 million in corporate income tax revenue for the month, but took in less than $304,000, a miss of nearly 97 percent.
You guessed it, the state of Kansas had planned to bring in $10M in revenue in August through corporate income tax, but instead only received $304,000.