Moody's: Spending Cuts Needed to Offset Tax Cuts

From Associated Press in Hutch News

Kansas needs to make more spending cuts to offset tax cuts enacted by Gov. Sam Brownback and the Legislature last year, but it won't be easy, a report released by Moody's Investor Services this week said.  Constraints could also lead the state to continue to utilize credit-negative actions such as appropriation from other one-time sources like the state highway fund," the report said.  While Brownback has said the tax cuts will promote growth, the Moody's report says Kansas' economic growth is lagging behind many of its neighbors.

Read the entire article at Hutch News

Do you like this post?