Government & Politics

November 10, 2014 8:28 PM

Kansas revenues will fall $1 billion short of 2015 and 2016 expenses, fiscal experts say

Kansas will collect $1 billion less in revenue in 2015 and 2016 than its projected expenses following massive income tax cuts signed into law by Republican Gov. Sam Brownback. The new revenue estimates released Monday revealed that Kansas would burn through about $380 million in reserves and still need to cut $280 million to balance its current budget for fiscal year 2015, which ends next June 30.

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