A new, stable fiscal forecast for Kansas reinforces the dynamics of a debate over tax cuts
Time:2024-05-21 21:50:19 Source:travelViews(143)
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.
Previous:New York Liberty improve to 4
Next:Key evidence in the 'burking' murder trial was 'hidden' from defence lawyers
You may also like
- Supreme Court rejects an appeal from a Canadian man once held at Guantanamo
- I stick my toddler to the plane seat with fastening strips
- Iowa investigator's email says athlete gambling sting was a chance to impress higher
- Posts share fake New York Post story saying a bill would make it illegal to question 9/11
- China vows to actively promote restoration of int'l flights
- NCPA's annual chamber music festival to kick off
- A scroll for the king, a website for the people: Coronation document to be released digitally
- Country makes solar affordable worldwide
- Analysis: Larson enters conversation with Verstappen as best drivers in the world