Two Kansas economists said Thursday that the state's changing demographics will present serious challenges to state government over then next 50 years, especially under the state's current tax system. Jeremy Hill of Wichita State University and Chris Courtwright, an economist with the Kansas Legislature's nonpartisan Research Department, were featured speakers at the Kansas Economic Policy Conference, an annual event sponsored by the University of Kansas Institute for Policy and Social Research.
The jobless rate rose three-tenths of a percent in July as the state shed 2,600 jobs during a time when the economy normally adds employment. The biggest job losses were in service-sector areas such as trade, transportation and utilities, and professional business services.
Kansas utility regulators authorized four more entities to intervene in Kansas City Power and Light's proposed $12.2 billion acquisition of Topeka-based Westar Energy.
The percentage of graduates from Kansas colleges and universities who remain employed in Kansas after five years has been declining steadily in recent years, sparking concern about the prospects of a brain drain out of the state.
The Kansas economy added fewer jobs than normal in April, but the unemployment rate still ticked down to 3.8 percent.
Members of Lawrence’s Economic Development Council voiced concerns Monday to the major changes, prompted by the City Commission, to incentives the city provides for new developments and incoming businesses.
Skepticism about how Lawrence is using its economic development incentives has been raised in City Commission conversations on a few recent projects: The Eldridge hotel expansion, HERE Kansas and an apartment development at 800 New Hampshire St. Now, the City Commission’s acceptance Tuesday of a report detailing Lawrence’s economic development incentive work in 2015 will kick-start a review — and potential changes — to policies that govern those incentives.
Revenues flowing into the state’s coffers during the month of March fell only $1.7 million short of the official estimates, a much better performance than the state has seen in several months, according to the Kansas Department of Revenue.
Figures from a survey of supply managers in nine Midwest and Plains states have risen for the third month in a row, according to a report released Friday, suggesting more improvement in the regional economy.
A survey shows some bankers had a dire view of the rural economy in their 10 Western and Plains states.