Governor Sam Brownback touted the state’s fiscal health Wednesday during a press briefing at the Statehouse. Brownback announced that Kansas will pay off bonds early for a variety of projects. He says the state’s finances are now solid enough to handle a large income tax cut lawmakers approved last session.
“We will be in a solid fiscal position, and we’re going to do everything we can here to continue to reduce the cost of state government while protecting K-12, Medicaid, public safety,” Brownback said.
Critics of the multi-year, billion-dollar tax cut say it could cause budget problems in the future. State estimates show Kansas ended the fiscal year on June 30th with more than $460 million in reserves.