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Big revenue decrease projected for fiscal year starting July 1

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Topeka — Last week's revenue projections by state fiscal officials showed little change in Kansas' revenue forecast. But budgetary storm clouds are right over the horizon.

The new numbers highlighted that next year state revenue will drop precipitously as the income tax cuts signed into law last year by Gov. Sam Brownback kick in.

The state will receive $6.2 billion in revenue during the current fiscal year that ends June 30. For the fiscal year 2014, which starts July 1, revenue drops to $5.45 billion, a 12 percent or $750 million decrease.

Brownback has stated that income tax cuts will boost the economy.

But House Democratic Leader Paul Davis of Lawrence said the revenue figures show the income tax cuts approved by Republicans aren't working.

"It shifts the tax burden almost entirely to the middle class and requires cuts to the public services that help the middle class thrive. The Brownback tax plan isn't working, and these negative projections are further evidence that it is not going to work in the future," Davis said.

The income tax cuts will reduce revenue to the state by $450 million in fiscal year 2014, which is a 15.8 percent decrease. The state sales tax, which is scheduled to fall from 6.3 percent to 5.7 percent on July 1, will produce $270 million less than the current year, which is a 12.3 percent decrease. Brownback has proposed keeping the sales tax rate at 6.3 percent.

Comments

cowboy 1 year, 4 months ago

Sams accountants are in a tizzy. The room filled with pitchers of cool aid while they use their #2 pencils and Big Chief tablets to do some new "ciferin on these numbers".

While this report had to be on Sam the Sham's desk earlier he has been out preachin on how great his red state experiment is going. how disingenuous can one person be ?

Well he has gauranteed one increase , the number of babies born to women without access to legal birth control or abortion services. And he has gauranteed more guns in circulation and carried under coats.

If his economic platform sinks , which it will , his new campaign slogan......A gun for every baby.

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Hooligan_016 1 year, 4 months ago

Sorry for meme's. Brownback's lack of seriousness means I can be silly too.

Sorry for meme's. Brownback's lack of seriousness means I can be silly too. by Hooligan_016

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chootspa 1 year, 4 months ago

We complain about the property and sales taxes. Oops.

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grandnanny 1 year, 4 months ago

Are you part of KPERs? I always had to add KPERs contributions back into my Kansas tax liability because we pay when it goes out, but not when we get it back. So now that I am retired, I get to deduct KPERs from Ks tax which is nice?

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Mike1949 1 year, 4 months ago

I think the next few years are going to be great! For years, I have been saying the far right's goal is to destroy the values, balance and the very fabric that makes Kansas a great state to live in. The republicans have had a free hand the last few years, and the next time when I can afford to go to therapy, those old racist farmers complain how much they hate Obama and the liberals and they wish we would all die (this really happened, several times), all I have to do is point out the mess brownback and the republicans have done to this state.

There needs to be balance, right and left for democracy to work. The last few years, at the state level we haven't had that balance. Now all Kansans left, right and moderate are living with fewer freedoms, more racism and corporate abuse of pushing taxes on the middle and poor class and telling us to smile, we'll like it!

The problem is, "I told ya so", just doesn't cut it, does it?

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Cait McKnelly 1 year, 4 months ago

Gee, I wonder why? (twirling hair with a finger and snapping gum)
This is my shocked face.

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Michael LoBurgio 1 year, 4 months ago

Kansas construction employment down 3.2% from last year

Kansas was among 19 states losing construction jobs from March 2012 to March 2013, the Associated General Contractors of America said in a report Friday.

The state lost 1,800 jobs from year ago, a drop of 3.2 percent, the AGC’s analysis of U.S. Labor Department data shows.

Kansas construction employment last month stood at 54,900, AGC says.

The AGC, in a news release, cautioned that many states remain vulnerable to construction cutbacks from newly enacted and proposed decreases in federal funding for infrastructure. Association officials said the cuts in federal funding for construction enacted in March would push employment totals lower in states with large military and federal civilian facilities.

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Patricia Davis 1 year, 4 months ago

If the Brownback administration only had a brain.

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