Kansas may delay tax refunds

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- Paul Thomas, CPA
  
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posted
15 years ago

Tue, Feb 17, 2009 1:10 PM

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JEANNINE KORANDA Eagle Topeka bureau

TOPEKA - Income tax refunds and state employee paychecks could be late after Republican leaders and the Democratic governor clashed Monday over how to solve a cash-flow problem.

Payments to Medicaid providers and schools also could be delayed.

"We are out of cash, in essence," state budget director Duane Goossen said.

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Anyone want to start a pool on how many states (or which ones) end up not paying refunds or delay sending them out this year?

Dick can hold the cash (trust him).

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- Dick Adams
  
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posted
15 years ago

Tue, Feb 17, 2009 9:23 PM

I heard on the radio this morning that State of Kansas may not be able to issue payroll checks this Friday.

Would that make me a gambling pool operator or a bag man? ;)

Dick

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- dpb
  
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posted
15 years ago

Tue, Feb 17, 2009 10:57 PM

Dick Adams wrote: ...

... It's a game of political chicken -- the legislature has declined to transfer funds until the Guv'nur signs new budget and she's not happy w/ some of the provisions made to balance the current year so, so far, hasn't.

It'll all work out by then after some wrangling so I wouldn't take the wager that KS will not pay or even delay long.

--Rural SW KS so we think they're nuts in Topeka anyway, for the most part :(

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- Dick Adams
  
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posted
15 years ago

Wed, Feb 18, 2009 12:07 AM

If there isn't, there should be a three semester hour PolySci course on Political Chicken subtitled "Blaming your adversary for your actions.

Unfortunately what happens in Topeka is typical of what happens in all States and is just on-the-job-training for Congress.

Dick

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- dpb
  
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posted
15 years ago

Wed, Feb 18, 2009 12:31 AM

dpb wrote: ...

... Just heard signed w/ a couple line-item vetoes so will still be wrangling but legislature agreed was enough they would authorize the fund transfers as I expected.

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- Tom Russ
  
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posted
15 years ago

Wed, Feb 18, 2009 3:22 AM

Plus you get the fun of forcing him to issue the 1099G.

;-)

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- Mark Bole
  
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posted
15 years ago

Wed, Feb 18, 2009 4:09 AM

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- dpb
  
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posted
15 years ago

Wed, Feb 18, 2009 7:12 PM

...

Truthfully, all was a media-created "crisis" making sensational headlines out of something that had not actually yet happened; nor was at all likely _to_ happen... :(

It was all of one day from the time the legislature passed the revised budget before the governor signed it w/ the expected line-item vetoes of subsections she had said she was against from the beginning. Whether there will be sufficient votes to override those is yet to be determined but there will have to be some additional modifications made as KS is one of the states w/ mandatory "balanced-budget" constitutional requirements and they're not there yet.

But instant "crisis" is not imminent and wasn't, realistically.

Tax revenues are down, spending has got to go down to match--I fail to see what's so hard to grasp in the concept but seems beyond Guv's ken when 65%+ of tax revenues go to education how to be avoided?