A new, stable fiscal forecast for Kansas reinforces the dynamics of a debate over tax cuts
Time:2024-05-21 23:58:32 Source:styleViews(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:French sports minister calls for sanctions after Monaco player tapes over anti
Next:Britain's new bonkers EV: Callum Skye is an £80k electric buggy built in Warwickshire
You may also like
- Australia, New Zealand send planes to evacuate nationals from New Caledonia
- Iran commutes a tycoon's death sentence to 20 years in prison
- US challenges 'bogus' patents on Ozempic and other drugs in effort to spur competition
- Walmart launches store
- Colton Herta shows speed as Honda fights back in penultimate Indy 500 practice session
- PGA Tour goes to Dallas for same course and new title. LIV Golf plays in Singapore
- A Yellowstone trip that ended with a man being arrested for kicking a bison
- Facebook and Instagram face European Union scrutiny over possible breaches of digital rulebook
- Jude Bellingham's new model girlfriend Laura Celia Valk looks sensational in a figure