Brownback Says Solid Kansas Finances Allow For Tax Cuts

Associated Press - Wed 05:18 PM 07/25/2012

Kansas Governor Sam Brownback says the state's finances are now solid enough to allow for the large income tax cuts lawmakers approved earlier this year.

Kansas Governor Sam Brownback says the state's finances are now solid enough to allow for the large income tax cuts lawmakers approved earlier this year.

Kansas Gov. Sam Brownback says the state's finances are now solid enough to allow for the large income tax cuts lawmakers approved earlier this year.

Brownback said Wednesday that he wanted to participate in election-year discussions about the state's finances. Critics worry that the tax cuts will cause future budget problems.

Brownback also announced that the state will pay off nearly $25 million in bonds early because it can afford to do so. The bonds helped finance a wide range of projects, including an ongoing renovation of the Statehouse and improvements at the state fairgrounds in Hutchinson.

Also Wednesday, his administration and the Legislature's research staff released preliminary figures showing the state ended its 2012 budget year on June 30 with $466 million in cash reserves.

Comments must stay on topic and be respectful. Comments that are personal attacks, make unfounded accusations, or are for the purpose of "trolling" or inciting others will be removed. Offending users will have their profile suspended.

Post a comment Log in or Register to comment

koniginb71

Thursday 26 July 2012 07:00 Report this comment

So can state workers get a raise after 6 years of no raises now?

SalinaSenior

Thursday 26 July 2012 08:11 Report this comment

I wonder who got the finances in order? Governor Brownback and his cronies sure in hell didn't and will only make the problems much much worse. I really wonder if he truly believes the lies coming out of his mouth.