responsible kansas budget Archives - Kansas Policy Institute

The 2024 Responsible Kansas Budget 0
- Tax & Spending
- January 3, 2023
A flourishing economy and thriving people are only possible if a state government has responsible, balanced budgets. Transparency, performance-based budgeting, and tax-and-expenditure limits rein in government spending to avoid deficits. This shores up state budgets in times of revenue volatility. The question has always been how to achieve these goals and the lower taxes they
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Inaccurate revenue estimates aren’t a sign for more spending 0
- Tax & Spending
- November 1, 2022
Kansas’s spending season is on the horizon, and the state’s tax revenue will play a big part in determining how much taxpayer money is spent by Topeka. The latest data continue the streak of breaking revenue estimates, but shouldn’t be interpreted as a reason for big spending. In October 2022, the state of Kansas took
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25 months of excessive revenue continue decades of stagnation 0
- Tax & Spending
- September 1, 2022
August 2022 was the 25th month in a row that Kansas exceeded its expected tax collections. Where the government sees dollar signs in excessive revenue, Kansas families see two years of over-taxation through a pandemic and high inflation. There’s room for tax relief this upcoming year to help. Last month, the state took in $652.5
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Combating inflation at the state level 0
- Tax & Spending
- August 29, 2022
Last Friday, the Dow Jones Industrial Average plummeted by 1,000 points after Federal Reserve Chair Jerome Powell indicated that interest rates would remain high to fight inflation. Kansans don’t need to be told that inflation is rampant as prices this July were 8.6% higher than what they were last year. Much of the broader causes
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Will Long-Term Kansas Tax Relief Please Stand Up?0
- Tax & Spending
- May 2, 2022
This past week was “veto week” in the Kansas Legislature: the time to “make it or break it” for the dozens of different proposals that have floated this legislative session. While some tax relief is already on the way, legislators have until the end of May to provide more. The most-talked-about policy this year was
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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
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