KAKE - News - Headlines

Posted: Tue 4:44 PM, Mar 25, 2003
Reporter: Associated Press
Updated: Wed 9:43 AM, Mar 26, 2003

Governor Unveils Budget Plan

Gov. Sebelius suggests the state issue bonds backed by revenue from its settlement with tobacco companies. She also proposes speeding the collection of local property taxes to help balance the next budget.

Both measures are combined with a plan the governor previously outlined to allow more gambling. Sebelius says that would raise 224-point-six million dollars during the fiscal year beginning July first -- without increasing taxes.

For this fiscal year, ending June 30, Sebelius proposes $175 million in tobacco bonds, backed by annual payments from a 1998 legal settlement among states and large tobacco companies.

In addition, the state would collect $5 million through a tax amnesty program.

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