FOR IMMEDIATE RELEASE:
April 20, 2016
“The lowered revenue expectations released today are the product of failed tax policy – not a broken estimating process.
This latest Consensus Revenue Estimate (CRE) merely echoes the fact that Kansas’ financial health remains in very poor shape. State revenue collections have come in below estimates 11 of the past 12 months. And it won’t get better, because general fund budgets set by policymakers for both this year and the next leave little to no flexibility for when – not if – continued shortfalls occur.
Yet again, the state will bring in less money than it takes to meet public needs. More one-time “fixes” will be used to inadequately support schools, health care, and other areas key to a prosperous future for all Kansans. Unfortunately, unprecedented and unaffordable tax policy continues to wreck our state’s prospects.”
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