Democrats in the Kansas Legislature today (FRI) criticized Governor Sam Brownback’s assessment of the state’s finances. State estimates show Kansas ended the fiscal year with more than $460 million in reserves. This week, Brownback said the state is in a good financial position to handle a large income tax cut passed by the Legislature last session. But the Senate’s top Democrat, Anthony Hensley of Topeka, says the state budget would take a big hit from the tax cut.
Brownback and other supporters of the income tax cut say it will help boost economic growth in Kansas. But critics of the multi-billion dollar income tax reduction say it will create budget deficits in the coming years.