New fiscal forecast fuels GOP’s tax-cut dreams

Kansas issues a more optimistic fiscal forecast and healthy cash reserves through June 2022. Republicans could use the good news to push for state income tax cuts.

By

State News

April 21, 2021 - 9:15 AM

Gov. Laura Kelly Photo by Kansas Reflector

TOPEKA, Kan. (AP) — Kansas officials on Tuesday issued a new, more optimistic fiscal forecast for state government and projected healthy cash reserves through June 2022, giving Republican lawmakers new ammunition in pushing for state income tax cuts over Democratic Gov. Laura Kelly’s objections. 

The fiscal forecasters revised the state’s projections for tax collections during the current 2021 budget year, which ends June 30, upward by 3.9% or $304 million. They’re now predicting that Kansas will collect $8.15 billion in taxes, rather than the $7.8 billon predicted…

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