tax cuts

Government
12:58 pm
Tue November 25, 2014

Gov. Brownback Won't Rule Out Tax Increase To Fix Budget

Governor Sam Brownback is staying tight-lipped about his plans to fix a hole in the state budget. But as Stephen Koranda reports, Brownback says he's looking at all the options.

Following a meeting at the Statehouse, Brownback gave few details to the media about what he'll propose. He says all options are on the table, including tax increases or slowing future scheduled decreases.

Brownback also won't say whether he'll make budget cuts, known as allotments before lawmakers return to the Statehouse in January.

Read more
Government
12:23 pm
Wed November 19, 2014

Projected Budget Shortfalls Has Republican Lawmakers Mulling Over Kansas' Tax Policy

Projected budget shortfalls in Kansas have some Republican legislators weighing proposals to backtrack on tax-cutting policies championed by Governor Sam Brownback.

However, House Appropriations Committee chairman and Wichita Republican Gene Suellentrop said on Tuesday that such measures should be a last resort.

Governor Brownback and the legislature must close shortfalls in the current and next state budgets totaling more than $714 million dollars, after lawmakers open their annual session in January.

Read more
Economy
9:13 am
Thu August 7, 2014

Kansas Credit Rating Downgraded By Second Bond-Rating Agency

A second leading bond-rating agency has downgraded its credit rating for Kansas, citing what it calls the state's "structurally unbalanced budget" following massive personal income tax cuts.

Standard & Poor's (S & P) said today that it is dropping its rating for Kansas to AA from AA+. The agency also dropped its rating for bonds backed by state tax dollars.

Moody's Investor Services downgraded its credit rating for Kansas in May.

Taxes
3:28 pm
Tue February 5, 2013

Senate Committee Delays Work On Tax Plan

A Kansas Senate committee has delayed debate on Governor Sam Brownback's tax proposal. A mistake at the Statehouse printing office meant the scheduled debate was left off the official Senate calendar for Tuesday.

Senator Les Donovan, a Republican from Wichita, said he didn't want to work on the tax plan without letting the public know about it. Donovan added, though, that senators could use some more time to prepare for the debate.

Read more
Politics
6:39 am
Mon January 21, 2013

Some Lawmakers May Pursue Cuts During Budget Talks

Gov. Sam Brownback has proposed more income tax cuts in Kansas over the coming years. And to help pay for that, he wants to make permanent part of a temporary sales tax increase that is set to expire later this year.

He's also suggested eliminating some tax deductions, like the home mortgage deduction. Though, some lawmakers may try to alter that plan.

There is now a conservative majority in both the House and Senate, and some lawmakers may try to find additional cuts to state spending instead of using the sales tax and tax deductions to help pay for an income tax cut.

Read more
News
5:48 am
Mon January 21, 2013

Top Morning News 01.21.13

Brownback moves to merge JJA and Department of Corrections; Lawmakers looking to make more tax cuts in 2013 session; City of Wichita to consider water usage.  

Brownback To Merge Juvenile, Adult Corrections

Governor Sam Brownback has submitted an executive order to merge the state's Juvenile Justice Authority with its adult Department of Corrections.

The order takes effect in July unless either the House or Senate reject it.

Read more
State Government
6:05 am
Mon January 14, 2013

2013 Legislative Session To Commence

Monday marks the start of the 2013 legislative session. This could be one of the most significant sessions in years.

Conservative Republicans control the House, Senate, and Governor's office. In recent years. moderate Republicans and Democrats have been able to block some legislation pushed by conservatives. But that is unlikely to happen in this session.

Read more
Government
5:57 am
Mon December 3, 2012

Budget Projections May Be Recalculated After Unexpected Tax Revenues

The state Revenue Department says Kansas collected $2.6 million more in taxes than expected in November.

The agency said Friday that the state collected about $441 million in taxes this month, when a fiscal forecast predicted it would take in less than $439 million.

The difference is less than 1 percent, but Revenue Secretary Nick Jordan said the numbers contain solid signs that the state's economy is improving. The report was the first since officials issued a new fiscal forecast earlier this month.

Read more
News
5:45 am
Fri November 2, 2012

Top Morning News 11.02.12

 Kobach predicts voter turnout to be around 68 percent; Kansas GOP says they may lose some House seats on Nov. 6; A hydroelectric power plant in Lawrence is expected to start operating Friday.

Kobach Predicts 68 Percent Voter Turnout In Kansas

Kansas Secretary of State Kris Kobach is predicting 68 percent voter turnout in Tuesday's elections. Kobach offered the forecast Thursday.

Read more
Politics
6:15 am
Fri October 12, 2012

Supporters, Opponents Continue To Tout, Deride Tax Cut

 

Supporters and opponents of tax-cutting legislation continue to talk about the plan, even going on the road to do it.

Members of the governor’s administration toured the state last month, and some Democrats are making stops this week. The cut will reduce personal income tax rates and completely eliminate income taxes for around 200,000 businesses in Kansas.

Read more

Pages