Kansas budget improving, thanks to 2017 comprehensive tax reform package

On July 1, 2018, Kansas celebrated its “fiscal new year” – and for the second year in a row, this occasion is something to celebrate. Our state’s budget is recovering after five years of failed tax policy, and with that, our ability to invest in our state’s core services. We’re including a quick guide to five signs that the Kansas budget’s health is improving, as well as a pocket guide to the failed 2012 tax plan. Kansas ended the fiscal year with a positive balance of $318 million – a sharp departure from four years of budget shortfalls. This infographic shows what happened when the 2012 tax plan went into effect. The state’s revenue dropped $700 million in the first year alone, resulting in nine rounds of budget cuts, two sales tax increases, four years of budget shortfalls, and three credit rating downgrades.

Read more here.