Monday, September 01, 2014

Brownback camp touts success despite shortfall

By The Herald Staff | 7/11/2014

TOPEKA — Despite a $338 million shortfall in Kansas tax revenues during the past three months, the Brownback administration said it considered the fiscal year a success.

Kansas ends its fiscal year with $434.6 million on hand, and was able to pay all of the state’s bills on time, Shawn Sullivan, Gov. Sam Brownback’s budget director, said Friday.

TOPEKA — Despite a $338 million shortfall in Kansas tax revenues during the past three months, the Brownback administration said it considered the fiscal year a success.

Kansas ends its fiscal year with $434.6 million on hand, and was able to pay all of the state’s bills on time, Shawn Sullivan, Gov. Sam Brownback’s budget director, said Friday.

“This shows the continuing ability of Kansas to meet its obligations and to pay all of it debts on time and in full,” Sullivan said. “Despite a stagnant national economy with negative U.S. GDP growth, this administration continues to be in a strong fiscal position.”

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