New Tax Plan Has Many Policy Changes
Associated Press - June 14, 2015 7:18 am
A plan approved by Kansas legislators for balancing the state budget would increase sales and cigarette taxes but also make numerous other policy changes.
Lawmakers passed two bills that together would raise $384 million during the fiscal year beginning July 1st.
A deficit would be averted. But Republicans who drafted the plan acknowledged that GOP Governor Sam Brownback still might have to cut up to $50 million in spending to ensure that the state has a small cushion of cash reserves going into July 2016.
The sales tax would increase from 6.5 percent from 6.15 percent.
The cigarette tax would jump by 50 cents a pack to $1.29. Starting in July 2016, the state would impose its first tax on electronic cigarettes.
Other provisions deal with local property taxes.