mega subsidy Archives - Kansas Policy Institute

Income Tax Increases from Inflation Lose Kansans Wealth 0
- Tax & Spending
- June 6, 2022
Pay increases for Kansan families were undermined over the past year by inflation, causing a loss on average as changes in salaries failed to keep up with big price increases. At the same time, Kansas state income tax increased from inflation-drive wage increases. From April 2021 to April 2022, Kansans’ average nominal weekly earnings increased
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January 2022 Report Shows Job Growth in Kansas 0
- Tax & Spending
- March 11, 2022
The January Labor Report from the Kansas Department of Labor shows Kansas gained 5,100 private-sector jobs. This represents a monthly job growth rate of 0.4%, which is the fastest since July 2021. At the same rate of growth that Kansas has experienced since the start of 2021, the state will fully recover to its pre-pandemic
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Thinking Responsibly About the Kansas Budget 0
- Tax & Spending
- March 10, 2022
The state of Kansas is on track to turn an estimated $3 billion tax surplus into a multi-million dollar deficit by FY 2027. A $2 billion mega-subsidy for a “mystery company” wasn’t part of Governor Laura Kelly’s original $3.2 billion in tax and spending proposals this year. Something is going to have to give from
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Mega subsidy: budget deficits, no tax cuts for people 0
- Tax & Spending
- February 8, 2022
The Kansas Legislative Research Department (KLRD) says Governor Kelly’s plan to give more than a $1 billion mega subsidy to a mystery company will create a budget deficit in FY 2026. But the deficit will hit at least a year earlier if the mega subsidy is approved. KLRD’s standard methodology accounts for anticipated social service
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