Income Tax Archives - Kansas Policy Institute

Legislature could turn incoming fiscal shortfall into savings 0
- Tax & Spending
- November 18, 2020
This month, state forecasters and legislative researchers announced a $119 million budget shortfall by the end of the fiscal year 2022. However, they failed to mention that closing the budget shortfall would leave the state with a zero-ending balance with no room for error. Come January 2021, Kansas policymakers have an opportunity to turn this
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$Reversing years of Kansas fiscal mismanagement$
Reversing years of Kansas fiscal mismanagement 0
- Tax & Spending
- November 9, 2020
It is needed now more than ever for the Kansas government to adjust its budget like many Kansas families and businesses are doing today. Kansans painfully adapted to life during the pandemic, but governments around the state have done little to no belt-tightening. With the state 2020 election behind us, Kansans must acknowledge that the
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Federal bailouts of state budgets hasten fiscal disaster 0
- Tax & Spending
- September 16, 2020
Early this month, Governor Kelly testified to Congress, asking for federal bailouts of Kansas’ billion-dollar budget shortfall. However, bailing out Kansas’s budget shortfall cements poor fiscal management, puts Kansans at financial risk, and hastens a federal fiscal disaster. According to the Kansas Legislative Research Department, Kansas went from an ending balance of $1.1 billion in
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Kansas ranks 41st on economic performance with repeated tax hikes 0
- Tax & Spending
- August 19, 2020
A new report shows Kansas is ranked 25th in the overall economic outlook, but economic performance falls to 41st fastest as tax increases take larger bites out of paychecks. These numbers are from the 13th edition of the American Legislative Exchange Council’s Rich States Poor States and show the harm of repeated tax hikes. The
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Green Book 2020: Kansas job growth abysmal before COVID-19 0
- Tax & Spending
- July 24, 2020
Kansas’ recent job losses may be driven by COVID-19 shutdowns and health impacts. However, findings from the Green Book 2020 say Kansas was in the economic doldrums long-before the COVID crisis. Kansas ended 2019 with the slowest job growth rate in Plains and the 43rd fastest growth in the country. According to the June jobs
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COVID Survey: Small businesses fighting for survival in Kansas 0
- Tax & Spending, Tax & Spending Research
- July 16, 2020
“Exhausting financial resources before I can revive my business” “Customers are too scared to come out of their house” “Employees are not going to work because they can make more money on unemployment” These quotes from small business owners show their extreme frustration operating in today’s COVID environment. Findings from a COVID survey reveal many
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