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Archive for Monday, December 31, 2012

Kansas revenues beat December forecast

December 31, 2012

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— Kansas officials say the state is finishing 2012 with strong revenue collections, beating estimates by $30 million for December.

The Revenue Department said Monday the state collected $602 million in December, compared with the $572 million that had been forecast. Individual income tax payments in December played a big role, exceeding estimates by $27 million.

December sales tax revenues came in at $184.6 million, about $5 million less than expected.

The department also said revenue collections are running $32.7 million ahead of projections for the first half of the fiscal year that began July 1.

Revenue Secretary Nick Jordan called Monday’s report a positive sign for the Kansas economy.

Comments

disappointed_regressive 1 year, 11 months ago

Thank you gov. Brownback and KS GOP lawmakers for bringing fiscal responsibility back to Kansas while the federal government and most of hardcore blue states who voted to retain them sink like a boulder in to the deep fiscal abyss.

Bob_Keeshan 1 year, 11 months ago

Kansas is one of only five states facing a budget deficit, all of them red states.

Sorry that doesn't match up with your talking point.

Armstrong 1 year, 11 months ago

Better check your facts Cap'n. You are 100% wrong

Kendall Simmons 1 year, 11 months ago

Don't you think you ought to wait for at least another 3 months to see what happens as a result of the new state income tax laws (including for pass-through corporations) and their effect on revenues before getting all excited?

grammaddy 1 year, 11 months ago

Can the schools get back some of that?

rtwngr 1 year, 11 months ago

You're another genius that can't read the hand writing on the wall.

rtwngr 1 year, 11 months ago

Go, Sammy! I love to say I told you so to all of these libs in Lawrence. They still like to hang on to the old "tax and spend" agenda. You libs need to understand that fiscal responsibility and not handouts is the way to run government.

Cant_have_it_both_ways 1 year, 11 months ago

It is so nice that our government knows better how to spend our money than we do.

Liberty275 1 year, 11 months ago

Why do you want to kick grandma out?

Why do hate kids?

Paid Koch shill!

boltzmann 1 year, 11 months ago

Sorry, but taxation is not theft no matter how much you wish to spout delusional Libertarian dogma. It is the price we pay for living in a stable civil society.

In my view Libertarians fall in the same class as hard-core communists with a steadfast axiomatic belief system that is contrary to the way human society functions. Granted the dogma and axioms are different, but the delusion is just as deep and just as dangerous.

Liberty275 1 year, 11 months ago

LOL. And what is it called when the mafia comes in and tells you that protection is $1000/month? What happens if you don't pay?

boltzmann 1 year, 11 months ago

And you compare legitimate government with the Mafia. Pretty delusional.

boltzmann 1 year, 11 months ago

Actually, human society doesn't function as a libertarian society at any level much larger than the individual. Government is necessary in order to create a secure, stable society and to perform or regulate common functions for which the free market is unsuited or unstable - education, roads, defense, security, among others. This requires taxation, which is not theft no matter how many times you keep repeating it.

Kendall Simmons 1 year, 11 months ago

Revolutionary War? Have you truly forgotten what you learned in elementary school? That the 'tax complaint' of the time was "No taxation without representation"?

And the Civil War? I know. I know. Northern manufacturers didn't like the fact that Southern slave owners produced exports more cheaply and sold them in England, then brought back the same type of goods from England that the Northern manufacturers were, themselves, producing. So the Northern manufacturers pushed for "import taxes", i.e. tariffs, being passed. Of course, push-backs from the South actually reduced, if not eliminated most tariffs before the Civil War.. (OMG...that whole taxation/representation thing at work.)

You act as thought there is only one basic type of libertarian...and it's your type. Unfortunately, there are an awful lot of libertarians themselves who disagree with you. Often strongly.

What gets me, though, is your belief that human beings are self-regulating, all evidence to the contrary.

MyName 1 year, 11 months ago

I don't think you understand why theft is wrong but paying taxes is not. One way to examine the rightness or wrongness of an action is to examine what would happen to society if everyone engages in that action.

What happens if everyone just takes what they want from other people? People are unable to plan for the future because they won't know whether they will still have houses, cars, food, or other possessions from day to day. People turn to violence to protect what they have. Society breaks down and we turn into roving tribes of bandits.

No what happens if no one pays taxes? Roads and bridges collapse because no one is paid to maintain them. Courts and police no longer run, so there is no one to protect the innocent or even resolve disputes without violence. Schools shut down for most people and huge sectors of the economy are thrown into uncertainty. Industries are free to pollute the air and water as there is no one to stop them from doing that. Etc.

So again, how is taxation theft, when the consequences of not paying taxes look the same as the consequences of everyone stealing and both are bad?

Richard Heckler 1 year, 11 months ago

When I think of the players that have been posing as fiscal conservative republicans over the past 33 years these thoughts come to mind which are representatives of reckless spending and tax cuts that have destroyed the USA economy and wrecked the lives of millions upon millions of households.

How did blue and white collar workers lose millions upon millions of jobs?

It’s not the Unions!

It’s corrupt Wall Street activity and monster GOP fraud that has killed jobs for millions of Americans. These are the dangerous GOP ENTITLEMENTS and terrible business decisions.

--- 1. Mergers = industry and jobs lost to other countries

--- 2. Hostile Takeovers = industry and jobs lost to other countries

--- 3. Leveraged Buyouts = industry and jobs lost to other countries

--- 4. Free Trade Agreements = industry and jobs lost to other countries

--- 5. Reagan/Bush Savings and Loan home loan scandal which killed the economy and cost the USA millions of jobs. = industry and jobs lost to other countries

--- 6. Bush/Cheney Home Loan scandal killed the economy and cost the USA millions of jobs = industry and jobs lost to other countries

--- 7. Bush tax cuts

All of above ultimately translate into millions upon millions upon millions of blue and white collar USA job losses in some cases to dictatorships. Big time layoffs are the end result. These jobs go abroad with tax codes that prevent taxation on profits made abroad from USA big name corporations.

Richard Heckler 1 year, 11 months ago

When I think of the players that have been posing as fiscal conservative republicans over the past 33 years these thoughts come to mind and so does Sam Brownback.... which are representatives of reckless spending and tax cuts that have destroyed the USA economy and wrecked the lives of millions upon millions of households.

How did blue and white collar workers lose millions upon millions of jobs?

It’s not the Unions!

It’s corrupt Wall Street activity and monster GOP fraud that has killed jobs for millions of Americans. These are the dangerous GOP ENTITLEMENTS and terrible business decisions.

Sam Brownback comes to mind as he was a player in this repub fiasco.

Tax dollars in the hands of the Rt Wing Libertarian Neocon Fundamentalist Tea Party for Economic Terrorism is one way street to corporate profiteering and coming back to rt wing special interests campaign cookie jars.

Give the money to public education ...absolutely!

Armstrong 1 year, 11 months ago

Judging by the libs posting this morning they would have been much happier with a revenue shortfall ? Blue Dots, your logic is star starting to swirl down the bowl.

Armstrong 1 year, 11 months ago

Yea, libs aren't happy until everyone is flat ass broke and miserable

JackMcKee 1 year, 11 months ago

Here's the facts. Sales taxes were below forecast. Property taxes should be right on forecast. Therefore, INCOME taxes came in above estimates. Enjoy this while it lasts because come the closing of the first quarter of 2013 Kansas is going to start facing massive deficits caused by Brownback's reckless fiscal policy. A policy these goons want to expand to include everyone in the state. If we didn't have an income tax, the state would be facing a massive deficit. The next thing these idiots will do is raise the sales taxes, driving more purchases out of state and making the problem even worse. You have to be really stupid to be excited for this news.

JackMcKee 1 year, 11 months ago

What's strange about it? It's a photo of Jeff Bridges.

Armstrong 1 year, 11 months ago

This comment was removed by the site staff for violation of the usage agreement.

63BC 1 year, 11 months ago

(1) The iron fact of budgeting is cash. Everything else is a guess.

Under the last year of Sebelius/Parkinson the state began the year with $876.05 in the bank.

That's a fact.

Kansas began this fiscal year, after two Brownback budgets, with over $450 million in the bank.

Fact.

Everything else is conjecture. We don't know where things will be in future years until this Legislature acts.

(2) The December income numbers were high because so many upper income people accelerated payments into 2012 to beat the Obama tax hikes.

Which proves how sensitive that group is to incentives, which is why some argue the Brownback tax cuts will work.

Everything about the future is guesswork, though.

Watch the cash---and by that obvious iron measurement, Brownback is doing vastly better than his predecessors.

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