New fiscal forecast for Kansas fuels GOP's tax-cut dreams
April 21, 2021
TOPEKA, Kan. (AP) — Kansas officials on Tuesday issued a new, more optimistic fiscal forecast for state government and projected healthy cash reserves through June 2022, giving Republican lawmakers new ammunition in pushing for state income tax cuts over Democratic Gov. Laura Kelly's objections.
The fiscal forecasters revised the state's projections for tax collections during the current 2021 budget year, which ends June 30, upward by 3.9% or $304 million. They're now predicting that Kansas will collect $8.15 billion in taxes, rather than the $7.8 billon predicted in the previous forecas...