Kansas Revenues Fall $10 – $20 Million Short

KSCB News - June 24, 2014 1:03 pm

Kansas Revenue Secretary Nick Jordan says state tax collections may fall between $10 million and $20 million below expectations this month.

Jordan also said Monday that the state’s fiscal situation is stabilizing after revenues fell a total of $310 million short of expectations in April and May.

Republican Gov. Sam Brownback’s administration has attributed those shortfalls to uncertainty created by disputes in Washington over federal spending and tax policies. They have said nervous investors feared paying higher taxes on capital gains in 2013 and claimed their gains early.

Democrats contend state income tax cuts championed by Brownback are to blame.

Democratic gubernatorial candidate and Kansas House Minority Leader Paul Davis accused the administration of trying to sugarcoat the state’s revenue problems.

 

Latest Stories

Semi Loaded with Hay Catches Fire

At 6:43pm Seward County Fire Department was dispatched to a hay hauler on fire on County...

Liberal High School Drama Department Presents “The Outsiders”

The Liberal High School Drama Department, under the Direction of Miriam Climenhaga, proudly presents the play,...

Seward County Commission to Meet, Review Compensation Plan

The Seward County Commission is scheduled to meet Tuesday evening at 5:30pm in the County Commission...