Wry Catcher
Diamond Member
- Banned
- #1
red state voters can learn from reality and begin to vote out fiscally conservatives representatives, and elect fiscally responsible representatives. Kansas' voters voted for demagogues and charlatans and are now paying the price. See:
Kansas slashes revenue forecast, adjusts budget to avert gap
TOPEKA, Kan. (AP) -- Kansas slashed its revenue projections on Friday, and Republican Gov. Sam Brownback's budget director immediately announced $124 million in budget adjustments to allow the state to keep paying its bills on time.
University economists, legislative researchers and officials in Brownback's administration issued a new, more pessimistic fiscal forecast for state government after months of disappointing tax collections. The new numbers recognize recent economic slumps in agriculture and energy production and what state officials have said is a national softness in recent months in consumer spending.
The state has struggled to balance its budget since GOP legislators cut personal income taxes dramatically in 2012 and 2013 at Brownback's urging, in an effort to stimulate the economy. Most of those income tax cuts have been preserved, but Republican lawmakers raised sales and cigarette taxes in July.
Kansas slashes revenue forecast, adjusts budget to avert gap
TOPEKA, Kan. (AP) -- Kansas slashed its revenue projections on Friday, and Republican Gov. Sam Brownback's budget director immediately announced $124 million in budget adjustments to allow the state to keep paying its bills on time.
University economists, legislative researchers and officials in Brownback's administration issued a new, more pessimistic fiscal forecast for state government after months of disappointing tax collections. The new numbers recognize recent economic slumps in agriculture and energy production and what state officials have said is a national softness in recent months in consumer spending.
The state has struggled to balance its budget since GOP legislators cut personal income taxes dramatically in 2012 and 2013 at Brownback's urging, in an effort to stimulate the economy. Most of those income tax cuts have been preserved, but Republican lawmakers raised sales and cigarette taxes in July.