Front Page Merc.
Posted: 01 May 2014 08:05 PM   [ Ignore ]
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“House and Senate negotiators finished work on the budget Thursday, including giving a pay raise for nearly 38,000 state employees and new officers at the Topeka Correctional Facility.”  So, attack the teachers and public education, but, them gubmint “employees” and prison guards gonna git THEIR bread buttered, by golly!  Gotta take care of yer own!

“On Wednesday, the state Department of Revenue reported that tax collections for the month totaled $92 million less than expected. Officials cited changes in the federal tax code on capital gains and other income.

After the revenue report was issued, Gov. Sam Brownback and other Republican leaders immediately blamed Democratic President Barack Obama, the Kansas GOP’s usual suspect following bad fiscal news. Democrats assigned responsibility to their favorite target: the massive personal income tax cuts enacted at Brownback’s urging in 2012 to stimulate the economy.

The report undercut a forecast made by analysts two weeks ago, boosting revenue projections for the next 18 months by $177 million. But republicans were brushing aside the doubts raised by the new figures, anticipating that the state’s cash reserves will act as a cushion and any fallout can be dealt with next year, including spending adjustments. ”  Riiight.  We’ll just raid the reserves.  Of course, with the Moody downgrade, we’ll be spending most of that on increase interest rates, but…. brush it aside.

Have we had enough yet?

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