All posts tagged "Budgetsurpluses"

KANSAS CITY, Mo. — Top Kansas Republicans will try topass a flat income tax when lawmakers return to Topeka in January, but Democratic Gov. Laura Kelly calls the idea a “non-starter.” As Kansas sits on a budget surplus of more than $2 billion, many Republican lawmakers want to again advance a flat tax after the governor blocked the proposal this spring. House and Senate GOP leaders even spent the fall touring the state promoting the idea. But Kelly, who first won election as governor in 2018 promising to steer Kansas away from the fiscal woes of Republican Gov. Sam Brownback’s administration, ......

SACRAMENTO, Calif. — For the second year in a row, California is poised to avoid economic fallout from the coronavirus pandemic, leaving Gov. Gavin Newsom with a good problem: how to spend a projected $31 billion surplus. By Monday, Newsom must unveil his proposal for the 2022-23 fiscal year, which starts July 1. His proposal will kick off months of negotiations with lawmakers, who face a June 15 deadline to pass a budget. Analysts predict the state's highest earners will continue to prosper and pay high taxes, resulting in another big surplus. The budget Newsom signed last summer included a p......