KS revenues still problematic

School funding is related to state revenue this point, and it’s not looking good.

“Here’s the bottom line that everyone should remember: If FY 2015 revenue actually does grow enough to equal the current revenue estimate, then the FY 2016 budget hole is only, yes only, $650 million ($1.1 billion if the ending balance law is followed). If revenue does not meet projections, the budget gap is that much bigger.

“Kansas has a budget crisis brought on by unprecedented and unaffordable tax cuts causing a dramatic drop in revenue. Meeting the FY 2015 revenue ‘expectations’ does not even come close to solving the crisis. Without a substantial amount of new revenue, state programs will suffer far more than they already have.”

See more here: http://realprosperityks.com/duane-goossen-expectations-game/

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