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Kansas holding onto refunds, too

February 16, 2009

About a month ago, California officials announced that fiscal problems had prompted them to put a hold on state taxpayer refunds.

Kansas flag (2)
Now Kansas is doing the same thing.

The Wichita Eagle reports that the state is suspending tax refunds and doesn’t have enough money in its main bank account to pay employees.

According to the paper, Kansas Budget Director Duane Goossen said that the state stopped processing income tax refunds last week.

Democratic Gov. Kathleen Sebelius had suggested transferring the necessary money from other state accounts, but such a move requires legislative approval and the GOP refused Monday to allow it.

Rather, Republican lawmakers want Sebelius to sign a bill that makes adjustments to the Kansas budget for the fiscal year that ends June 30.

Thanks to fellow personal finance bloggers and Twitterers @bargainr and @fcn for the Kansas tax hold heads-up.

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It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

Comments
  • You rarely hear about companies of that size being unable to meet payroll. Is it because Kansas can’t or won’t go into anything like bankruptcy, or because they can’t afford to hire a CFO? It can’t be a general competence thing, since they seem to have handled the actual crisis fairly well — short on cash, but not showing huge losses.

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