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Kansas

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n2doc

(47,953 posts)
Tue Nov 11, 2014, 07:20 AM Nov 2014

Officials: Kansas faces $279M budget gap by July [View all]

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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