“This trend obviously doesn’t bode well for the state. The budget approved for the fiscal year is based on predicted tax revenue for the year. If revenues continue to fall below the predictions, the state may once again be forced to make arbitrary midyear cuts to meet its expenses….Wichita State University’s Center for Economic Development and Business Research reported that the Kansas economy is growing much more slowly than in the rest of the nation and likely would remain sluggish next year…Another report that included nine Midwestern and Plains states also indicated a slowdown in the region’s economy….
“Kansans still are waiting for some good financial news. Higher sales and cigarette taxes were supposed to shore up state tax revenues; lower income taxes were supposed spur more jobs in the state. Neither of those strategies is working, and the state is running through its cash reserves and perhaps heading toward another budget crisis. Gov. Sam Brownback keeps saying the state just needs to ‘stay the course,’ but for how long?”
Read more here: http://www2.ljworld.com/news/2015/oct/05/editorial-disappointing-news/?opinion