Tax & Spending

September 2021 Jobs Report: Growth on the Horizon?0
- Tax & Spending
- October 22, 2021
The September jobs report from the Bureau of Labor Statistics shows that Kansas gained an estimated 1,100 private-sector jobs from the previous month. This comes as part of a recent trend of slowing job growth, with a 0.4% increase in July, a 0.3% increase last month, and now a 0.1% increase this month. Kansas still
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Use Excess Revenues for Tax Relief, Not More Spending 0
- Tax & Spending
- October 7, 2021
Kansas took in 33% more in revenues in the first quarter of FY 2022 than the first quarter of FY 2020 before the COVID-19 pandemic, according to the Kansas Department of Revenue’s 2021 report. This trend isn’t new: in FY 2021, the state recorded an actual collected tax revenue $758 million higher than its estimate.
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3 things to know about Truth in Taxation 0
- Tax & Spending
- October 1, 2021
The new Truth in Taxation legislation is now in effect, and there are three things that taxpayers should know about the process to maximize the benefits and reduce taxes. 1. Local officials can reduce taxes or hold them flat if they wish. As of August 24, almost 250 cities, counties, and school districts have decided
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August Jobs Numbers Show Slow Growth for Kansas 0
- Tax & Spending
- September 30, 2021
The August jobs report shows Kansas gained 2,900 private-sector jobs. This was a slightly slower growth rate of 0.3% compared to last month’s growth of 0.4%. Kansas still has about 29,000 fewer jobs than in January 2020; at the pace private jobs have been added this year, private-sector employment won’t return to the pre-pandemic level
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Helping Kansans by Rethinking Taxes Around Remote Work 0
- Tax & Spending
- September 24, 2021
The COVID-19 pandemic has triggered one of the biggest changes in labor for Kansans in recent history: the rise of remote work. In 2021, about 1 in 4 workers nationwide will be fully working remotely, with many workplaces also adopting hybrid schedules. By 2025, an estimated 36.2 million Americans will be working fully remotely. This
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Tax Expenditure Limits Prevent Government’s Balancing Act 0
- Tax & Spending
- September 17, 2021
Imagine the Kansas budget as a tightrope walker, with taxing and spending on opposite sides of their balancing rod. If the government spends significantly more than it taxes, this leads to deficits and “bust-type” budgeting. Likewise, if the government collects more in taxes than it spends, you end up taking more from taxpayers and get
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