“Rep. Richard Carlson, chairman of the House tax committee, said he thinks the state needs to concentrate more on reducing spending. He said the state needs to let the private sector grow faster than government so it produces more money for government services.
‘We have the revenue. It’s an expenditure problem in the state,’ Carlson said. ‘If we reduced our expenditures, our bond rating would go up.’”
Kansans beware. Education is the biggest single expenditure for the state. Other areas have already been cut as well. When the tax plan was implemented, we were told we didn’t need to worry about the cuts because new businesses flooding into Kansas would make up for the lost revenue with new revenue. Now we’re being told we just have to cut more.
Read more here: http://www.kansascity.com/2014/05/01/4996352/kansas-bond-rating-dips-as-revenue.html#storylink=cpy