- Associated Press - Tuesday, June 24, 2014

TOPEKA, Kan. (AP) - Revenue Secretary Nick Jordan says Kansas’ tax collections may fall $10 million to $20 million below expectations in June, but he believes the state’s finances will stabilize after huge revenue shortfalls in the past two months.

Jordan said Monday that tax collections are “trending well” after falling a total of $310 million short of expectations in April and May, the Topeka Capital-Journal reported (https://bit.ly/1qH3eY7 ).

“We may have some lingering effect, but it won’t be anything major, from the April and May situation,” Jordan said.

Jordan’s comments came after Republican Gov. Sam Brownback’s top budget advisers told legislative leaders during a meeting last week that the state should be close to hitting its revenue projections in June.

Brownback’s administration has attributed the shortfalls in April and May to uncertainty created by disputes in Washington over federal spending and tax policies. They have said nervous investors feared paying higher taxes on capital gains in 2013 and claimed them early, with the effects not being felt until this spring, when tax payments for 2013 came due.

Democrats contend that state income tax cuts championed by Brownback are to blame. The state has exempted the owners of 191,000 businesses from personal income taxes and will cut its top income tax rate for others by 40 percent by 2018.

“The Brownback administration continues to sugarcoat the situation and mislead,” said Kansas House Minority Leader Paul Davis, the presumed Democratic nominee for governor as Brownback seeks re-election.


Information from: The Topeka (Kan.) Capital-Journal, https://www.cjonline.com

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