April 20, 2018
Estimate, warns against risky tax proposals
Topeka, KS — Today, the Consensus Revenue Estimating Group shared that it estimates total state revenue for this fiscal year and next is up $533.8 million. Thanks to the courageous actions of lawmakers last year in passing comprehensive tax reform and ending the Brownback tax experiment, Kansas’ fiscal health is improving. However, these estimates may change because of a “perfect storm of uncertainty” as Kansas continues to evaluate the impact of state and federal tax policy changes.
Lawmakers should use the increased revenue to continue making investments in our state as we recover from failed tax policy, supporting great schools, solid infrastructure, affordable health care, and thriving communities.
As lawmakers return for Veto Session next week, they should continue Kansas on the road to recovery and reject risky tax proposals. For further analysis of the tax plans, infographics, and columns, visit realprosperityks.com.