"Kansas lawmakers in June approved the largest revenue increase in state history thinking they'd closed a $400 million hole created by income-tax cuts Republican Governor Sam Brownback pushed through three years earlier. They hadn't," our colleague Tim Jones reports for Bloomberg Business. "The state took in $66 million less than expected in the three months ending Sept. 30, and the turmoil is expected to worsen next week when a panel of economists issues its annual projections. They are likely
Source: Bloomberg.com news