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Tue Nov 11, 2014, 07:20 AM

Officials: Kansas faces $279M budget gap by July

TOPEKA, Kan. (AP) -- Kansas will face a $279 million budget shortfall by July, far worse than state officials had thought before a new revenue forecast Monday that will force Gov. Sam Brownback and legislators to consider spending cuts.

The state will also be required to close an even bigger additional gap $436 million during the following 12 months, according to the new forecast.

Aides to the Republican governor, who narrowly won re-election last week, said his administration will work in the next weeks to find savings while trying to protect funding for schools and core programs. But a Democratic leader called the new projections "devastating."

Brownback and many Republicans in the GOP-dominated Legislature are not publicly rethinking aggressive cuts in personal income taxes enacted in 2012 and 2013 to stimulate the economy. The state cut its top rate 26 percent and exempted the owners of 191,000 businesses from income taxes altogether, and further reductions are promised, including a decrease in the top rate next year.

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http://news.yahoo.com/officials-kansas-faces-279m-budget-012647530.html

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Reply Officials: Kansas faces $279M budget gap by July (Original post)
n2doc Nov 2014 OP
still_one Nov 2014 #1
Loki Nov 2014 #2
tridim Nov 2014 #3
eppur_se_muova Nov 2014 #4

Response to n2doc (Original post)

Tue Nov 11, 2014, 07:22 AM

1. Keep up the good work Kansas, you may be the first state to declare bankruptcy at this rate

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Response to n2doc (Original post)

Tue Nov 11, 2014, 07:32 AM

2. We may see "bleeding Kansas"

Again, but this time the people of Kansas voted their fears and they will get what they voted for.

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Response to Loki (Reply #2)

Tue Nov 11, 2014, 08:04 AM

3. They always vote Republican, no matter what.

They always get what they vote for, pure GOP crap, and they love it. I've been waiting 40 years for it to change, and it simply will not.

Kansans are lost.

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Response to n2doc (Original post)

Tue Nov 11, 2014, 09:55 AM

4. Pottery Barn rule applies. nt

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