New forecast boosts Kansas tax revenue projections by $1.3B

(AP) — A new Kansas fiscal forecast predicts that the state government will be awash in cash more than enough to allow big tax cuts that Democratic Gov. Laura Kelly and Republican legislators already planned to pursue. 

The new forecast increased the projection for the state’s total tax collections by $1.3 billion for the current 2022 budget year that began July 1. 

The new projection of $8.9 billion is 17.1% higher than the $7.6 billion predicted previously. 

The forecasters also predicted a 3.2% increase in tax collections for the 2023 budget year. 

Kelly wants to eliminate the state sales tax on groceries and Republicans like that idea and cutting income taxes as well.