Sorry citizens of Kansas - No Tax Refunds for you!!

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Sorry citizens of Kansas - No Tax Refunds for you!!

while watching CNN on the bottom the little ticker with short news stories this came up... yah really have to watch those small text news tickers


Kansas may delay tax refunds, paychecks
Posted on Mon, Feb. 16, 2009
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.
The move places state taxpayers, workers and schoolchildren in the middle of a political battle over budget cuts.
Republicans, who hold majorities in both chambers, blocked Gov. Kathleen Sebelius’ proposal to borrow $225 million from healthy state funds to cover shortages in accounts used to meet the state’s payroll and issue tax refunds.
GOP leaders said they won’t approve the IOUs until Sebelius either cuts the current budget herself or signs the bill they passed last week slashing $326 million — including $32 million for education — to balance the budget.
Republican leaders said they had no choice, that by law the state can’t borrow any more money from itself.


read full story here-> http://www.kansas.com/735/story/701750.html