A group meeting Monday will update estimates for Kansas tax collections. The revenue predictions let lawmakers know how much money they have to spend as they write the state budget.
The Kansas Consensus Revenue Estimating Group is made up of members of the governor's administration, non-partisan legislative researchers and economists from universities in Kansas. They meet twice per year. This time, they'll revise the estimate for the current fiscal year and craft a prediction for tax collections next fiscal year.
The state of Kansas is loaning itself $675 million to ensure that it can pay its bills as it transitions from one budget year to the next.
That’s not unusual.
For the last 16 years, it has been standard practice for the State Finance Council to approve certificates of indebtedness, which transfer money from a fund used to collect fees and pay off bonds to the state’s general operating fund.
Tax cuts in Kansas have "landed with a thud," according to the co-author of a report that criticizes the state's actions for harming public services and sapping the state's long-term economic vitality.
Tax season is upon us, so it's time to rummage through those shoe boxes of old receipts, dig up W-2 forms and file your 2013 return.
The Cash Money Crew is here to guide you through the process, including changes to be aware of and tips for a smoother tax return season in 2014. Later, we discuss the changing realities of retirement and how to prepare for it.
Kansas is “open for business," according to the enthusiastic proclamation made by Gov. Sam Brownback Thursday morning as he signed a controversial tax bill in Overland Park, Kan.
The governor was referring to the impact of second year cuts in state income taxes that he and supporters claim will attract economic development to the state - enough economic development to offset expected budget shortfalls in coming years.
The chair of the Kansas House Tax Committee is responding to claims from Democrats about the tax plan passed by the Legislature last weekend. The Republican-dominated Legislature passed a bill that will cut income tax rates, but will also keep the sales tax elevated and reduce income tax deductions.
The Chair of the state Democratic Party, former revenue secretary Joan Wagnon, says legislators broke their promise to let a temporary sales tax expire, and put a bigger burden on working Kansans, amounting to a more than $750 million tax increase.
Kansas lawmakers return to Topeka Tuesday to dive back into the contentious debate over budget and tax bills.
State Representatives and Senators were quoted using words like “dumbfounded” to express frustration that they can’t agree on either a budget or tax bill. Lawmakers had planned to wrap up the legislative in 80-days instead of the mandated 90-days. Instead, the session has run long like it has in most recent years.