Six Months Ending December 31, 2013
$7 Million or .2% Above Estimates
|
The trends for Kansas tax receipts remain positive through the six months ending December 31, 2013. The Kansas fiscal year runs from July 1, through June 30. For the six month period YTD tax receipts are $7 million or .2% above budget estimates. The Kansas economy continues to grow and improve. The large Kansas personal income tax cuts effective January 1, 2013 are working to help grow the economy and jobs. Unemployment is down and job creation is up. With the headwinds coming out of Washington finally subsiding we have Kansas in a good spot to grow jobs and reinvest in business for growth. It is noted that following the tax cuts in 2013, actual tax receipts are down 9.1% compared to same time last year. This is trending positive given the 20% personal income tax decrease. We are committed to funding state core services while spending within our means.
|