Kan. Revenue Estimates Highlight Need For Deal

By: AP, Posted by Chelsey Moran
By: AP, Posted by Chelsey Moran

WICHITA, Kan. (AP) _ New state tax revenue estimates indicate cuts signed into law last year by Gov. Sam Brownback could send Kansas into deep financial trouble if there's no agreement this year to extend a temporary sales tax and reduce popular tax deductions.

The Wichita Eagle (http://bit.ly/13BXi80) reports an estimate by the governor's budget division shows the state would burn through its reserves and have to cut $64 million in 2014 if no policy changes are approved. The figures show $545 million in additional cuts would be necessary in 2015.

Brownback wants lawmakers to extend a temporary six-tenths of a cent sales tax hike that expires in July. Republican House leaders say they have no appetite for extending the sales tax and have voted 120-0 against a Senate plan that includes the extension.

___
Information from: The Wichita (Kan.) Eagle, http://www.kansas.com


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
631 SW Commerce Pl. Topeka, Kansas 66615 phone: 785-272-6397 fax: 785-272-1363 email: feedback@wibw.com
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 203990091 - wibw.com/a?a=203990091
Gray Television, Inc.