A so-called recession at the end of 2015 is being inaccurately blamed by some for state revenues coming in below expectations. Don’t be misled. Our revenue problems occurred a full year before the economic downturn – and the reason was unaffordable and unprecedented tax cuts.
For the latter half of 2015, Kansas saw two consecutive quarters of decline in the state’s economic output. While the technical definition of a recession is not necessarily set to this standard, two quarters of overall economic slowdown in Kansas is certainly not a good thing.