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BREAKING NEWS

KANSAS ECONOMY LOOKING GOOD

John AndersonNovember 11, 2021

A new Kansas fiscal forecast issued Wednesday predicts that state government will be awash in more than enough cash to allow for the big tax cuts that Democratic Gov. Laura Kelly and Republican legislators already planned to pursue. The new forecast increased the projection for the state’s total tax collections by $1.3 billion for the current 2022 budget year that began July 1. The new projection of $8.9 billion is 17.1% higher than the $7.6 billion predicted in the previous fiscal forecast issued in April. The forecasters also predicted a 3.2% increase in tax collections for the 2023 budget year. The increase would be $288 million, to nearly $9.2 billion.

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