TOPEKA, Kan. (AP) — The picture for tax cuts in Kansas and the next state budget remained stable Friday with the release of a new fiscal forecast that reinforced the dynamics of a conflict over proposed tax cuts between Democratic Gov. Laura Kelly and the Republican-controlled Legislature.
The new forecast from state officials and legislative researchers came with lawmakers scheduled to reconvene Thursday after a spring break for the final six days of their annual session. Kelly has until Thursday to act on a bill cutting income, sales and property taxes and another measure containing the bulk of the next state budget.
The new forecast replaces projections made in November for tax collections through the end of June 2025. It trims the previous estimates by about 1.2% or $119 million for the current budget year, which ends June 30. But it boosts them by $80 million for the budget year that begins July while projecting that the state also will earn more interest than previously expected on its idle funds.
International gold price expected to continue rising: analysts
Hezbollah official killed, 3 civilians injured in Israeli strike on Lebanese village
Boss apologizes for UK city's bankruptcy
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/18/2024
Several Iranian airports cancel flights until Monday
Boat found adrift with over 10 bodies in northern Brazil
China's largest land port handles over 5 mln metric tons of imports and exports in Q1
Three key takeaways from whirlwind China visits by global business executives
Cycling star Evenepoel targets June return from crash ahead of Tour de France and Paris Olympics
Hezbollah official killed, 3 civilians injured in Israeli strike on Lebanese village