Search results for: “historic tax credits”
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Kansas State Government Tax Collections for 2021
Kansas state government tax collections rose to $3,958 per person in 2021, an increase of 14.9 percent from 2020, and of 9.2 percent from 2019.
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Wichita should reject Bowllagio TIF district
Wichita should reject the formation of a harmful tax increment financing (TIF) district.
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Boeing departure presents challenge for Wichita and Kansas
The announcement of the departure from Wichita of Boeing presents challenges for the Wichita area and the state of Kansas. The response of government officials over the next few years will need to depart from past and present practice if Wichita wants to build a dynamic and sustainable economy. With a few exceptions, our current…
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Oklahoma City sales tax passes; model for Wichita
On Tuesday, voters in Oklahoma City passed a new sales tax to fund downtown improvements. It passed by a vote of 54 percent to 46 percent. Wichitans can count on a similar sales tax being proposed for whatever projects the year-long downtown planning process calls for.
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Updated: State government tax collections
Kansas personal income tax collections rose by $372 per person in 2018, an increase of 46.5 percent.
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Kansas taxes, the debate
Kansans are not being helped by their stable of newspaper editorial boards.
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Tax increment financing: The right tool for Wichita jobs?
Tax Increment Financing (TIF) is an economic development tool that uses the expected growth (or increment) in property tax revenues from a designated geographic area of a municipality to finance bonds used to pay for goods and services calculated to spur growth in the TIF district. The analysis performed for this study found TIF does…
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Testimony supporting an arena re-vote
We need to correct the flawed downtown arena proposal’s mistakes. Since the legislature authorized the county sales tax for the downtown arena it has become abundantly clear that the case against proceeding with the flawed arena project has been made. Enclosed with this testimony is a copy of the 2004 flyer used in that election…
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Updated: Kansas hotel guest tax collections
Kansas hotel guest tax collections presented in an interactive visualization. Updated with data through January 2022
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Wichita CID illustrates pitfalls of government intervention
A proposed special tax district in Wichita holds the potential to harm consumers, the city’s reputation, and the business prospects of competitors. Besides, we shouldn’t let private parties use a government function for their exclusive benefit.
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Cronyism in the tax code
How tax law is formed: “If you really want to understand the nature of our tax code, don’t ask yourself ‘Why are these provisions in the public interest?’ That’s not how taxes are passed. Ask yourself ‘Who benefits from these taxes, and how much political power do they have?'”
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TIF and other subsidies harm Wichita
Everyone who cares about Wichita — the entire city, not just special interests — ought to be opposed to the continued use of tax increment financing (TIF) districts and other forms of subsidy that direct benefits to a small group at the expense of everyone else.