From 2007 to 2009, the loss of revenue to Kansas was $600 million, due to the greatest national downturn since the Great Depression. In 2014, alone, as a result of the tax cuts, our state’s revenue dropped $700 million. What’s more, the Kansas Legislature passed, and the governor signed into law, a two-year budget reliant on one-time fund transfers – including $350 million from the highway fund – and required additional cuts to generate a meager ending balance.
Since then, revenue has come in well below estimates carving away at what little money the state anticipated by the end of 2016. With the most recent shortfall of nearly $15 million for the month of October, the state is in the red. The governor insisted he would not make any additional cuts or increase taxes. That only leaves more fund transfers to try to stabilize the budget. Undoubtedly, how to fill the massive budget hole will once again consume the legislative session.
Because of the governor insistence on maintaining reckless fiscal policy, Kansas is in a constant budget crisis. Rather than putting effort towards developing a sustainable plan to strengthen our state’s fiscal infrastructure, K-12 and higher education, public safety, and highways are being put at risk.