Monday, June 3rd, 2013
Gov. Sam Brownback and top Republicans in the Kansas Legislature have agreed on a plan for raising new money to prevent future budget shortfalls.
The proposal emerging from private talks Saturday between the Republican governor and GOP legislative leaders would set the sales tax at 6.15 percent in July. The tax is now 6.3 percent, but it was scheduled by law to drop to 5.7 percent, also in July.
Lawmakers disclosed the details publicly.
The measure follows up on massive personal income tax reductions enacted last year. It revises some income tax laws to help plug budget gaps caused by last year's tax cutting, but it also further reduces income tax rates.
The state would see a net gain in its revenues of $777 million over the next five years.