New Kansas Figures Show Bigger Deficit
Associated Press - Wed 10:44 AM 05/02/2012
New figures from the Kansas Legislature's staff project that a compromise plan for cutting taxes will leave the state with a budget shortfall exceeding $700 million by mid-2018.
New figures from the Kansas Legislature's staff project that a compromise plan for cutting taxes will leave the state with a budget shortfall exceeding $700 million by mid-2018.
The new figures from the Legislative Research Department circulated Wednesday, two days after the same agency projected that the tax plan would create a budget shortfall of $161 million by July 2018. The Associated Press obtained a copy of the projections from a legislative source.
Lawmakers in both parties say they need assurances that the tax plan they pass won't create a shortfall.
The plan, drafted by House and Senate negotiators, would cut the state's individual income tax rates, exempt 191,000 businesses from income taxes and reduce the sales tax to 5.7 percent in July 2013 from its current 6.3 percent.
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getumgranny
Wednesday 2 May 2012 11:09 Report this comment
I can see many places that would help the Kansas budget!! How bout stopping the assistance to the freeloaders that refuse to work, NOT the people that are TRULY in need and trying to help themselves, the ones that are lazy and sit back doing nothing while receiving free daycare, which if not working or in school is ridiculous!! No need for the tax payers to be paying daycare if the lazy parent is not doing anything!! Or, the amount of money being spent to support, school, feed etc... illegal aliens in our state. How bout cutting some of the wages/benefits of the State big wheels, Senators/Congress people/Representatives etc... make them all live on the same money & benefits the rest of the State has to. Maybe it's time for the state to put a "citizen review board" in place and allow some taxpayers to pick through the budget and see where we can get rid of some of the wasteful spending.
leo
Wednesday 2 May 2012 13:24 Report this comment
Graves screwed us up when he gave us a refund. I don't like taxes either but don't screw us up again. Yes g- granny there are places that the budget could be cut.
SalinaSenior
Wednesday 2 May 2012 17:51 Report this comment
This sound eerily familiar. When democratic governors are in charge we have a $1 billion surplus. Now that a corrupt Republican governor is now in charge, we have a large deficit. Sounds just like when Bush become President then ran up like 13 trillion dollar of debt. That our kids and grandchildren are going to have to pay for.
SalinaSenior
Wednesday 2 May 2012 17:56 Report this comment
The kicker is these republicans try to cut school funding, medicaid for the poor and public safety funding like the police. At the same time they borrow money to give these huge tax breaks we cant afford.