Kansas revenues plunged again in May, leaving the state more than $300 million below estimates for the current year. The state reported Friday afternoon that revenues fell $217 million below estimates in May, the second month in a row they came up short of expectations. The latest decline leaves the state about $310 million short for the current fiscal year, which ends June 30. The numbers again raise questions about Gov. Sam Brownback’s income tax cuts from 2012 and 2013 and their effect on the state’s financial health.
Read the entire article at The Kansas City Star.