It’s not exactly balancing the budget if receipts but not debits are accounted for.
That’s what Gov. Sam Brownback has done in predicting a rosey picture for the state budget that includes his tax cut proposals.
Brownback’s budget includes extending the 6.3 percent sales tax rate and eliminating the income tax deduction for mortgage interest — neither of which are a given.
What he’s also left out of the picture is the toll taken by proposed income tax deductions in the current tax bill. The tax bill drops the…
Budgeting 101: to balance, you add and subtract
