Kansas Budget Going Into Red

The finances of the Sunflower State are looking sketchy as of late . . . Here's a dire economic outlook that doesn't look well for local in desperate need of property tax relief . . . Check-it:

"When coupled with the five-year, $2 billion slash to income taxes from last year’s special session, and assorted new legislation that would deliver tax cuts, the state would be an estimate $461 million in the red in fiscal year 2028. That would be a stark departure from the $3.2 billion surplus from a year ago, which is already projected to decline to $2.1 billion as expenses for the current fiscal year exceed revenues."

Read more via www.TonysKansasCity.com link . . .

Kansas Legislature passes spending plan that would put state $460M in the hole within three years

The Legislature adopted a spending plan Thursday that fully funds public schools, raises pay for state employees, eliminates DEI initiatives, polices pronouns in emails, and puts the state on a course to face a budget shortfall within three years.