balanced budget Archives - Kansas Policy Institute

$April 2022 Kansas Tax Collections: Remember a Balanced Budget$
April 2022 Kansas Tax Collections: Remember a Balanced Budget 0
- Tax & Spending
- May 3, 2022
In April 2022, the state of Kansas took in a total tax revenue of $1.5 billion, which was 13.2% greater than the original estimate. This includes a sales tax collection that was 0.4% higher than expected and an income tax collection that was 17.8% higher than expected. Legislators should remember the importance of a balanced
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Turn Short-Term Surpluses Into Long-Term Tax Relief 0
- Tax & Spending
- April 25, 2022
If it wasn’t clear enough already, recent tax estimate updates show Kansas is awash with excess funds from over-taxation. The Kansas Legislative Research Department’s recent tax revenue estimate update for April 2022 increased the estimate for FY 2023 by $407.8 million for a whopping total of $9.5 billion in State General Fund tax collections. It’s
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Simple Tax Reform Goes a Long Way 0
- Tax & Spending
- March 24, 2022
Much of the grumbling that comes every tax season comes not only from paying the taxes but also from the complexity of how to file them. Services, and the costs, ranging from TurboTax to Certified Public Accountants (CPAs) represent an additional cost to people to properly file their taxes. A simple tax reform that lowers
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balanced budget