Kansas Revenues In June May Be $10M To $20M Short

By: AP
By: AP
Kansas Revenue Secretary Nick Jordan says state tax collections may fall between $10 million and $20 million below expectations this month.

MGN Online

TOPEKA, Kan. (AP)-- Kansas Revenue Secretary Nick Jordan says state tax collections may fall between $10 million and $20 million below expectations this month.

The Topeka Capital-Journal reports Jordan also said Monday that the state's fiscal situation is stabilizing after revenues fell a total of $310 million short of expectations in April and May.

Republican Gov. Sam Brownback's administration has attributed those shortfalls to uncertainty created by disputes in Washington over federal spending and tax policies. They have said nervous investors feared paying higher taxes on capital gains in 2013 and claimed their gains early.

Democrats contend state income tax cuts championed by Brownback are to blame.

Democratic gubernatorial candidate and Kansas House Minority Leader Paul Davis accused the administration of trying to sugarcoat the state's revenue problems.

Posted by Greg Palmer


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 264419641 - wibw.com/a?a=264419641
Gray Television, Inc.