Wichita Chamber of Commerce

Liquor tax and the NCAA basketball tournament in Wichita

Liquor tax and the NCAA basketball tournament in Wichita

Liquor enforcement tax collections provide insight into the economic impact of hosting NCAA basketball tournament games in Wichita. In Kansas, a tax is collected at liquor stores, grocery stores, and convenience stores on the sale of alcoholic beverages. The same tax is also collected on sales to clubs, drinking establishments, and caterers by distributors. [1. "Liquor Enforcement or Sales Tax. The second level of taxation is the enforcement or sales tax, which is imposed on the gross receipts from the sale of liquor or CMB to consumers by retail liquor dealers and grocery and convenience stores; and to clubs, drinking…
Read More
Effect of NCAA basketball tournament on Wichita hotel tax revenues

Effect of NCAA basketball tournament on Wichita hotel tax revenues

Hotel tax collections provide an indication of the economic impact of hosting a major basketball tournament. The Kansas Department of Revenue has released transient guest tax collections for March 2018. This is a tax added to hotel bills in addition to sales tax. The rate in Kansas is 6.00 percent, although some localities add additional tax to that. For the city of Wichita, here are the collections: March 2017: $538,539 March 2018: $543,844 Increase: $5,305 or 0.99 percent With the hotel tax at 6.00 percent, that increase implies additional sales of $88,417 for the same month of the prior year.…
Read More
Project Wichita right to look ahead at city’s future

Project Wichita right to look ahead at city’s future

We can understand self-serving politicians and bureaucrats. It's what they do. But a city's newspaper editorial board ought to be concerned with the truth. In February the Wichita Eagle editorialized about Project Wichita, a ramping-up effort to do something about the future of Wichita. [1. Wichita Eagle Editorial Board. Project Wichita right to look ahead at city’s future. Available at http://www.kansas.com/opinion/editorials/article198178899.html.] It's worthwhile to take a look at the op-ed, if only to learn something about the quality of Wichita Eagle editorial writing. I understand civic boosterism; the desire to paint a positive image of the future. But this rosy…
Read More
Wichita employment down, year-over-year

Wichita employment down, year-over-year

At a time Wichita leaders promote forward momentum in the Wichita economy, year-over-year employment has fallen. Today the Bureau of Labor Statistics released employment statistics through February 2018. [1. Bureau of Labor Statistics. Metropolitan Area Employment and Unemployment Summary. Available at https://www.bls.gov/news.release/metro.nr0.htm.] One of the tables released is "Over-the-year change in total nonfarm employment for metropolitan areas, not seasonally adjusted," which shows changes in jobs from February 2017 to February 2018. [2. Bureau of Labor Statistics. Over-the-year change in total nonfarm employment for metropolitan areas, not seasonally adjusted. Available at https://www.bls.gov/web/metro/metro_oty_change.htm.] For this time period for the Wichita metropolitan area,…
Read More
Wichita employment down, year-over-year

Wichita employment down, year-over-year

At a time Wichita leaders promote forward momentum in the Wichita economy, year-over-year employment has fallen. Today the Bureau of Labor Statistics released employment statistics through January 2018. [1. Bureau of Labor Statistics. Metropolitan Area Employment and Unemployment Summary. Available at https://www.bls.gov/news.release/metro.nr0.htm.] One of the tables released is "Over-the-year change in total nonfarm employment for metropolitan areas, not seasonally adjusted," which shows changes in jobs from January 2017 to January 2018. [2. Bureau of Labor Statistics. Over-the-year change in total nonfarm employment for metropolitan areas, not seasonally adjusted. Available at https://www.bls.gov/web/metro/metro_oty_change.htm.] For this time period for the Wichita metropolitan area,…
Read More