Gov. Laura Kelly recommended legislators adhere to a cautious approach to budget and tax policy Tuesday after analysts decided economic conditions merited a $361 million increase in the state’s revenue estimate for the current and upcoming fiscal years. The group of economists and state officials recalculating the revenue trend pointed to higher individual and corporate income tax collections, climbing sales tax revenue in addition to acceleration in the gross domestic product and personal income. The unemployment rate in Kansas has continued to fall toward the pre-pandemic levels. On the negative side, the state’s manufacturing sector has struggled to recover 18,000 jobs that vaporized last year when COVID-19 descended.
Source: Kansas Reflector
Source: Kansas Reflector
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