Kansas’ 2021 budget finds unexpected $304 million bump
TOPEKA, Kan. (WIBW) - Kansas will have more in the yearly budget than originally thought.
The Associated Press’ John Hanna says legislature researchers revised the state’s fiscal forecast upward to $8.51 billion, a $304 million increase from the original estimate. Next year’s forecast has also been revised, increasing by $38 million.
Hanna says the projected cash reserves, $1.15 billion for 2021, will give Republicans more leeway in their push to cut income taxes.
New fiscal forecast for state is more optimistic, and #ksleg researchers are projecting healthy cash reserves ($1.15B June 30; $821M June 30, 2022), giving Republicans new ammunition in their push to cut income taxes over @GovLauraKelly's objections. https://t.co/xaykN1Uw6O— John Hanna (@APjdhanna) April 20, 2021
They return May 3rd to finish business, including finalizing the state’s budget.
Copyright 2021 WIBW. All rights reserved.