Kansas lawmakers roll back income tax cuts

Kansas lawmakers roll back income tax cuts

The Kansas Legislature on Tuesday evening overrode a gubernatorial veto and rolled back some of the income tax cuts that have caused major problems during the past five years.

The Associated Press wrote, “The state will increase its personal income tax rates and end an exemption for more than 330,000 farmers and business owners. Legislators expect the changes to raise $1.2 billion in new revenue over two years to close projected budget shortfalls totaling $889 million through June 2019 and also provide additional funds for public schools.”

In the wake of the of 2012 income tax cuts, Kansas was beset by problems such as:

• School years ending early because of lack of funding;
• The state supreme court ruling that K-12 education funding is inadequate; and
• Major cuts to higher education and roads funding.

Read the full AP article about the tax-cut rollback.