economic growth Archives - Kansas Policy Institute

High March 2022 Kansas Tax Collection: Time for Tax Relief 0
- Tax & Spending
- April 4, 2022
In March 2022, the state of Kansas took in a total tax revenue of $679.6 million, which was a whopping 13.4% greater than the estimates for this month. This includes a sales tax collection that was 7.0% higher than expected and an income tax collection that was 16.9% higher than expected. The revenue collected for
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Tax Reform Possible Through High February 2022 Tax Revenue 0
- Tax & Spending
- March 1, 2022
In February 2022, the state of Kansas took in a total tax revenue of $502 million, which was 3.9% greater than the estimates for this month. This includes $255 million in sales taxes and $212 million in income taxes. The tax revenue collected for February of this year was 10.2% higher than what it was
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Kansas Film Subsidies would be a Blockbuster-Sized Mess 0
- Tax & Spending
- February 28, 2022
Kansas Governor Laura Kelly’s budget from January contains a blockbuster-sized flop of a policy. The budget proposes a “Creative Industries Tax Credit” capped at $10 million annually beginning in FY 2023. The policy offers film companies tax credits based on the size of production and local involvement in the state. However, incentives like this for
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Rethinking Regulatory Oversight with SCR 1618 0
- Tax & Spending
- February 16, 2022
This week, the Kansas Senate Judiciary Committee is hearing SCR 1618, which would establish greater legislative oversight regarding executive branch regulations. This bill is a solid step towards healthy regulatory reform that will make Kansas more competitive and provide new opportunities for Kansas families. The constitutional amendment would allow the Kansas legislature to “establish procedures
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Ideas for ARPA and Kansas Revenue Cash Pile 0
- Tax & Spending
- February 9, 2022
Kansas sits on a massive influx in taxpayer cash. By June, the state’s ending balance is expected to hold a $3 billion surplus as monthly tax revenues continually exceed expectations. On top of this, the state also has its second round of federal ARPA relief funds hitting coffers in May. Kansas isn’t unique in this
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Streamlining State Regulations 0
- Featured
- February 4, 2022
Minimizing the burden on the economy of regulations is just as much a goal for the government as having healthy taxes or responsible spending. What’s more, the regulatory regime should be something upon which bipartisan support can be found. Very few people want burdensome regulations but the devil is in the details about how to
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