A new, stable fiscal forecast for Kansas reinforces the dynamics of a debate over tax cuts
TOPEKA, Kan. (AP) — The picture for tax cuts in Kansas and the next state budget remained stable Friday with the release of a new fiscal forecast that reinforced the dynamics of a conflict over proposed tax cuts between Democratic Gov. Laura Kelly and the Republican-controlled Legislature.
The new forecast from state officials and legislative researchers came with lawmakers scheduled to reconvene Thursday after a spring break for the final six days of their annual session. Kelly has until Thursday to act on a bill cutting income, sales and property taxes and another measure containing the bulk of the next state budget.
The new forecast replaces projections made in November for tax collections through the end of June 2025. It trims the previous estimates by about 1.2% or $119 million for the current budget year, which ends June 30. But it boosts them by $80 million for the budget year that begins July while projecting that the state also will earn more interest than previously expected on its idle funds.
Related articles
South China Sea: Dozens of Chinese ships chase Philippine vessels in disputed sea
Your web browser is no longer supported. To improve your experience update it here2024-04-20U.S. politicians harm citizens more than guns
By ZHANG ZHOUXIANG (China Daily) 13:43, February 02, 2023The U.S. Capitol building is seen in Washin2024-04-20China poised for strong recovery in 2023, says Morgan Stanley economist
(Xinhua) 13:08, January 18, 2023NEW YORK, Jan. 17 (Xinhua) -- China's economy is expected to deliver2024-04-20Dialogues, consultation have strength in resolving conflicts
By Huan Yuping (People's Daily) 10:40, April 24, 2023Wang Yi (C), a member of the Political Bureau o2024-04-20Japanese PM to US lawmakers: US does not have to confront global challenges alone
Washington —Japanese Prime Minister Fumio Kishida told U.S. lawmakers Thursday the United States doe2024-04-20- By Liu Rui (Global Times) 09:36, June 14, 2023Illustration: Liu Rui/GT2024-04-20
atest comment