rainy day fund

Big revenues don’t excuse big government spending 0
- Tax & Spending
- October 4, 2022
It seems fitting that the spookiest month of the year is brought in with something scary: the allure of big government spending! However, last month, Kansas exceeded its tax revenue expectations by $234.9 million. As this year’s election grows closer, big promises about what to do with the ever-growing stack of state cash keep coming
READ MORE
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
READ MORE
Governor Kelly Proposes $2.3 Billion in Budget Changes 0
- Tax & Spending
- January 18, 2022
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
READ MORE

2022 State of the State…With a Grain of Salt 0
- Tax & Spending
- January 13, 2022
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,
READ MORE
High Tax Revenue Continues into December 2021 0
- Tax & Spending
- January 4, 2022
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
READ MORE
October Tax Surplus Invites Reform to Prevent Over-Taxation 0
- Tax & Spending
- November 2, 2021
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
READ MORE