Daily Archives: April 19, 2010

Study shows sales tax increase would save about 2,000 jobs over comparable cuts

MoneyTOPEKA –Raising the state sales tax would save almost 2,000 jobs statewide over making comparable cuts to the 2011 state budget, a study released Monday showed.

Cutting another $350 million from the state budget in 2011 would result in 5,177 jobs lost across Kansas, showed the study prepared for the Kansas Economic Progress Council by Professor John Wong, interim director of the Hugo Wall School of Urban and Public Affairs at Wichita State University.

The study also estimated that increasing the state sales tax 1 cent would result in the loss of 3,231 jobs.

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Senate committee starts budget work

TOPEKA – The Senate Ways and Means Committee started its review of the 2011 budget Monday morning.

Lawmakers are looking at ways to close a budget gap that is between $450 and $500 million depending on the spending package under consideration. The fiscal year starts July 1.

Both chambers had postponed debating their respective budget proposals until hearing revised revenue predictions. The new revenue estimate came out Friday.

Committee Chairman Sen. Jay Emler, R-Lindsborg, said he anticipated his committee would finish work on the budget proposal today or Tuesday. The panel would then turn its attention to a package that would help pay for the budget.

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