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Kansas State Legislature Convenes to Budget Questions

01/21/2013

Governor Sam Brownback released his 2014/2015 Kansas budget on Wednesday. The Governor made several key decisions to overcome the loss of income tax revenue by raising certain other taxes, increasing agency fees, cutting many budgets by 10% and curtailing certain transfers to the state water plan, local governments and the Kansas Bioscience Authority.

It will take several weeks to ferret out all of the specific changes and reductions made in Brownback's budget. This budget proposal has a 7.5% ending balance for both Fiscal Year (FY) 2014 and 2015. The Governor's plan is to completely eliminate individual and corporate income taxes over the next five years. Any revenue increase over the 7.5% ending balances will be used to speed up the elimination of income tax.

Facing a deficit of $270 million for FY 2014 and promising to build a 7.5% ending balance of $455 million, the Governor made the below revenue adjustments.
Whether the Legislature and public will go along with them is the big question for the session.

The Governor's budget is available on this website:

http://budget.ks.gov/gbr.htm

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