downgraded Kansas’ bond rating Thursday because of the state’s “sluggish recovery compared with its peers, the use of non-recurring measures to balance the budget, revenue reductions (resulting from tax cuts) which have not been fully offset by recurring spending cuts, and an underfunded retirement system for which the state is not making ... required contributions.”
Wednesday, the state said revenue dropped 30% in April 2014 from April 2013. Individual income tax revenue was cut in half.
In Missouri, Gov.Jay Nixon
said he would veto a tax cut bill in the state. Wednesday, he called up to $100 million in tax breaks for the Ford Motor Co. one of the top achievements of his time in office.
That is all.