Goossen: Sizing Down FY 2015 Revenue

By Duane Goossen July 16, 2015 Fiscal year 2015 is history. Revenue collections during the year never lived up to expectations. After general fund income dropped dramatically in FY 2014, the governor and too many lawmakers still held out false hope that receipts would rebound in FY 2015. Instead, the Kansas revenue stream stayed at … Read More

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ClayGoossen: Sizing Down FY 2015 Revenue

Duane Goossen: How Big is the Gap?

May 20, 2015 Kansas has nearly an $800 million gap between revenue and expenses. However, as lawmakers struggle to balance income and expense, press reports often refer to a $400 million-plus gap. Why? Start with expenses. The Legislature has not yet passed a budget for FY 2016 (July 1, 2015 to June 30, 2016), so … Read More

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ClayDuane Goossen: How Big is the Gap?

Kansas Better Off Before Tax Changes

May 11, 2015 How much are the unprecedented tax changes helping the average Kansan? Not a lot. Despite claims that tax policies are “putting more money in people’s pockets,’’ we’re actually seeing a slowdown in the growth of personal income compared to before the changes were signed into law. Recently, the tax policies were touted … Read More

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ClayKansas Better Off Before Tax Changes

Duane Goossen: Revised Revenue Forecast Predicts Deeper Hole

April 24, 2015 Kansas has a newly revised revenue forecast which further lowers expectations for future general fund receipts. Take notice of three key things: 1. Revenue has fallen sharply, with no rebound in sight. The 2012 and 2013 tax cuts led to a $688 million drop (10.8 percent) in overall revenue in FY 2014, … Read More

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ClayDuane Goossen: Revised Revenue Forecast Predicts Deeper Hole

Gary Brunk: Restoring revenue is the first step toward an economy that works for everyone

April 15, 2015 By Gary Brunk Kansas needs an economy that works for everyone, where opportunity is available to all. To make that happen we need to restore revenues – and it needs to be done by repealing the 2012 income tax cuts instead of raising taxes on low- and moderate-income families. During the Great … Read More

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ClayGary Brunk: Restoring revenue is the first step toward an economy that works for everyone

Duane Goossen: Lawmakers Make It Clear: Kansas has a Revenue Problem

April 9, 2015 Stop the talk about Kansas having a spending problem. It’s not true, and our lawmakers have just shown how false that claim is. The Senate Ways and Means Committee has passed a FY 2016 general fund budget with expenditures set at $6.478 billion and the full Senate adopted that budget. Although the … Read More

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ClayDuane Goossen: Lawmakers Make It Clear: Kansas has a Revenue Problem

Duane Goossen: Transfers Won’t Fix Kansas’ Financial Problem

March 19, 2015 Kansas needs a stable, ongoing revenue stream that reasonably matches expense costs. Isn’t that logical? Income should equal expenses. It may be logical, but the governor did not propose it, and so far, legislators have shown few signs of heading in that direction. The Kansas budget is structurally out of balance. Future … Read More

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ClayDuane Goossen: Transfers Won’t Fix Kansas’ Financial Problem

Duane Goossen: The Expectations Game

March 5, 2015 February general fund revenue in Kansas was $22 million ahead of “expectations,” yet $19 million below the amount collected in February 2014. How can that be? After all, the official revenue forecast predicts that general fund revenue will grow in FY 2015, not fall back. Maybe the “expectations” need some examination. To … Read More

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ClayDuane Goossen: The Expectations Game

Gauging the Kansas Economy

July 22, 2014 Kansas is all over the news lately but not for the reasons we’d like to see. Many have highlighted that the deep, unprecedented tax cuts enacted in 2012 have not been the boon to the economy that was promised and that revenue has plunged, making it hard for Kansas to invest in … Read More

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ClayGauging the Kansas Economy