Kansas GOP Insider (wannabe): Blood bath probably tomorrow

Monday, February 29, 2016

Blood bath probably tomorrow

So, February's revenue numbers come out on March 1. That's tomorrow, for those keeping count.

If those numbers show a deficit of more than $6 million -- that's how much the budget leaves in the till -- then Gov. Brownback will make budget cuts without legislative oversight.

This won't be the first time this has happened. 

I'm just going to tell you what Brownback is going to cut -- that will be KPERs payments. Cutting KPERS doesn't affect current people withdrawing from the system. 

It's the Kansas equivalent of kicking the can down the road. There is money in the KPERs account, and it is set to run out far, far down the line. 

I anticipate a lot of blood letting tomorrow. There will be gnashing of teeth and anger. I would like to say I told you so. Because really I did. The Kansas Legislature made all kinds of tax cuts a few years ago. They made those tax cuts before making spending cuts. So, so stupid. (And now Lt. Gov. Jeff Colyer is saying IN PUBLIC that those tax cuts created an unintended loophole. Ugh! So now Republicans are for tax loopholes, Lt. Gov.? Seriously, watch your words, man.)

Anyway, there's probably going to be a budget hole. Again. And tomorrow is going to be so ugly.

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