Goossen: Scraping by in Summer

By Duane Goossen August 6, 2015 Three recent events provide further evidence that Kansas is just scraping by financially.  July general fund revenue was below expectations, the governor cut $63 million out of the current budget, and the state’s pension bonds received a low rating. July revenue fell $4 million below expectations.  While $4 million … Read More

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ClayGoossen: Scraping by in Summer

Paycheck to Paycheck: Why July 31st Matters for Kansas

By Annie McKay July 31, 2015 July 31st is probably not a particularly noteworthy day for most Kansans. They’re going to work, taking their kids shopping for new school supplies, and making family plans for the few remaining days of summer. But for those who have been closely following the story of Kansas’ self-imposed fiscal … Read More

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ClayPaycheck to Paycheck: Why July 31st Matters for Kansas

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

Tax Hikes to Protect Businesses Hit Working Kansans Hardest

June 25, 2015 The end-result of this years’ historically long session was quite predictable: taxes were raised on hard-working Kansans to cover the budget shortfall caused by the unaffordable tax cuts of 2012-13. The increases recently adopted will fall primarily on low- and moderate-income Kansans because such a big chunk of the new money will … Read More

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ClayTax Hikes to Protect Businesses Hit Working Kansans Hardest

Goossen: Hanging on by the Fingernails

June 17, 2015 The record-long 2015 Kansas legislative session ended with a record-breaking tax increase.  There’s no more potent illustration of the failure of the 2012 tax policy changes than to see 21 Senators and 63 Representatives, including many staunch anti-tax lawmakers, vote for new taxes while attempting to halt a budget crisis brought on … Read More

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ClayGoossen: Hanging on by the Fingernails

Goossen: Undo tax policy that created budget problem

In all the hubbub of the overtime Kansas legislative session, the obvious solution to crippling state financial problems gets little traction. In fact, the governor threatens a veto if it would pass. Why not undo the tax policy that created the problem? Steep income tax cuts directly caused a massive revenue loss – $700 million … Read More

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ClayGoossen: Undo tax policy that created budget problem

Business Tax Exemption Not a Roadmap to a Stronger Economy

May 28, 2015 The driving argument behind eliminating income tax from many Kansas businesses is not working as intended.  The promise was that business owners would save so much money they would create jobs and would bring more people to our state.  But when you dig deeper into how that exemption works and who benefits … Read More

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ClayBusiness Tax Exemption Not a Roadmap to a Stronger Economy

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?

Private Job Growth: The Reality about Raw Numbers vs Rate

May 14, 2015 Proponents of Kansas’ unprecedented tax policy changes talk a lot about the creation of private sector jobs in Kansas.  The conversation may lead you to believe their claim that the state is seeing success as a result of the tax cuts.  Kansas’ private sector job growth reveals that upon closer examination of … Read More

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ClayPrivate Job Growth: The Reality about Raw Numbers vs Rate

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