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  • Turn Short-Term Surpluses Into Long-Term Tax Relief

    Turn Short-Term Surpluses Into Long-Term Tax Relief0

    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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  • Governor Kelly Proposes $2.3 Billion in Budget Changes

    Governor Kelly Proposes $2.3 Billion in Budget Changes0

    Kansas Governor Laura Kelly’s Proposed Budgets for FY 2022 and FY 2023 plan to set new spending records. The Governor’s Budget Proposal released the day after her 2022 State of the State speech contains a proposal to increase All Fund Spending for FY 2022 to a total of just under $23 billion. This is $1.34

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  • 2022 State of the State…With a Grain of Salt

    2022 State of the State…With a Grain of Salt0

    Kansas Governor Laura Kelly gave her 2022 State of the State address this week to mark the beginning of this year’s legislative session. This speech, set against a backdrop of the ever-growing state revenue surplus, included many of the Governor’s already announced ideas and plans for what to do with the cash. In the speech,

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  • High Tax Revenue Continues into December 2021

    High Tax Revenue Continues into December 20210

    In December 2021, the state of Kansas took in a total tax revenue of $890.3 million, which was 7.8% greater than the estimates for this month. This includes $293.5 million in sales taxes and $550.3 million in income taxes. The revenue collected for December of this year was 15.6% higher than what it was in the

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  • October Tax Surplus Invites Reform to Prevent Over-Taxation

    October Tax Surplus Invites Reform to Prevent Over-Taxation0

    Over the course of October 2021, the state of Kansas took in a total revenue of $662,709,650, which was 18.7% higher than the estimate for this month. This intake was also 11.1% greater than the actual intake from October of last year. In total, the tax revenues so far into FY 2022 are about $440

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  • Truth in Accounting Highlights Uncomfortable Truths About Kansas Pensions

    Truth in Accounting Highlights Uncomfortable Truths About Kansas Pensions0

    Truth in Accounting’s Financial State of the States for 2021 ranks Kansas 27th in fiscal health nationwide with an overall grade of a D. This rank is due to the state’s $7,500 burden per taxpayer to pay off its $6.7 billion in debt, including unfunded retirement benefit and pension plans. The state has “only set

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