Kansas Ends Fiscal Year $338 Million Short Of Estimates

By: AP
By: AP

TOPEKA, Kan. (AP) -- The Kansas Department of Revenue is preparing to release figures for June's tax collections, with officials hoping recent shortfalls have subsided.

Revenues in April and May fell $310 million short of expectations, raising questions about whether personal income tax cuts championed by Gov. Sam Brownback were more generous than advertised and threaten to create a budget shortfall.

June's figures will be released Monday afternoon. Revenue Secretary Nick Jordan already has said they're expected to be $10 million to $20 million below expectations.

Brownback's administration has attributed the shortfalls to uncertainty created by disputes in Washington over federal spending and tax policies that affected how investors claimed capital gains.

“The numbers reflect the fact that many Kansans are risk averse right now," said Kansas Senate President Susan Wagle (R-Wichita) "When Kansans have confidence that federal leaders are taking steps to control debt and excessive regulation, they’ll go all in."

Democrats blame the lower collections on Brownback's across the board income tax cuts in 2012 and 2013.


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