Kansas Governor watch (early polling)

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Per that website, Kansas outpaced Cali by an average of 2% from 08 through 11. I guess when you don't ride the lows you don't have to try and catch up from way behind.

Of course govt. spending is a component of GDP so the more the state spends the better it looks GDPwise, even if the poor are starving, and the middle class is out of work and out of a home

nice job whoever the governor was from 2008-2011.

Good question, glad to help facilitate some critical thinking.
08 Sebelius .8%
09 Sebelius/Parkinson -3.2%
10 Parkinson/Brownback 2.6%
11 Brownback 3.2%

To be fair to the Brownbacksidehurt crowd, California is about as weak a comparable as any state. So even when Sebelius was rough ridin' up Kansas, things still looked good compared to that shithole.  For a real salty comparable look to Texas or North Dakota. 

[Rage Against the McKee]

At no point in 2010 was Sam Brownback governor of Kansas.

[michigancat]

Revenues down 45% in one year? Holy crap

[Rage Against the McKee]

Revenues down 45% in one year? Holy crap

Well, the tax rate was lowered by 33% (dropped from 6% to 4%), and the tax on LLCs was dropped to zero. The economy would have to get a pretty big boost to offset that. It looks like it didn't get any boost at all. Thanks, Obama.

[LickNeckey]

http://www.kansascity.com/2014/05/10/5014648/kansas-tax-revenues-fall-while.html

OBAMA!!!!!!

[Rage Against the McKee]

http://www.kansascity.com/2014/05/10/5014648/kansas-tax-revenues-fall-while.html

OBAMA!!!!!!

Joe Henchman, vice president of state projects for the conservative-leaning Tax Foundation

Joe the Plumber must have been busy, so they went and got Joe the Henchman instead.

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Welocme to Brownbackistan, Obamastan. We're doing better than California.

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Where a $92 million dollar shortfall on $14.6 billion budgets equals a 45% reduction in gross revenue.

#brownbacksidehurt

[Rage Against the McKee]

Where a $92 million dollar shortfall on $14.6 billion budgets equals a 45% reduction in gross revenue.

#brownbacksidehurt

The state is currently $463,931,168 behind where they were at the end of April 2013 in total receipts. That's only a 9% drop. The 45% was for the month of April 2014 vs April 2013.

http://budget.ks.gov/cre.htm

[john "teach me how to" dougie]

Brownback is trying to entice business to come to Kansas by lowering the tax burden in order to increase tax base. 1 year isn't long enough to know whether it will work or not. Let's face it, it's going to take a lot to get companies and manufacturers to set up shop in Kansas.

[Rage Against the McKee]

Brownback is trying to entice business to come to Kansas by lowering the tax burden in order to increase tax base. 1 year isn't long enough to know whether it will work or not. Let's face it, it's going to take a lot to get companies and manufacturers to set up shop in Kansas.

It's been almost two years now.

[michigancat]

Let's face it, it's going to take a lot to get companies and manufacturers to set up shop in Kansas.

Yes, especially when you're trying to pass things like we see in the Brownback Mountain thread.

[john "teach me how to" dougie]

Let's face it, it's going to take a lot to get companies and manufacturers to set up shop in Kansas.

Yes, especially when you're trying to pass things like we see in the Brownback Mountain thread.

Probably true, but depends on the business and owner, I suppose.

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Revenues down 45% in one year? Holy crap

Well, the tax rate was lowered by 33% (dropped from 6% to 4%), and the tax on LLCs was dropped to zero. The economy would have to get a pretty big boost to offset that. It looks like it didn't get any boost at all. Thanks, Obama.

According to the article, the reduction was largely caused (and budgeted for) by the "fiscal cliff" a consequence of the Obama tax hikes for 2013.

I would assume this consequence isn't exclusive to Kansas, and other states are experiencing similar revenue declines.

Also, Kansas experienced gdp growth despite reductions in government spending, so your "not any at all" is just more pathetic Brownbacksidehurt

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

By way of example, Cali budgeted for over $3 billion in lost income tax revenue from 2012 to 2013, and that included increased income tax rates.  Not sure why the article was so deliberately misleading.  Probably some big time Brownbacksidehurt

[LickNeckey]

These are the 10 states that saw revenue declines in the first half of the current fiscal year, which started July 1.

Alaska 31.9 percent

Kansas 7.3 percent

New Hampshire 6.4 percent

Arizona 5.2 percent

Kentucky 2.9 percent

Oklahoma 1.9 percent

Wyoming 1.3 percent

Delaware 0.9 percent

West Virginia 0.6 percent

New York 0.1 percent

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Kansas UE down to 4.8%.  WOW

[Rage Against the McKee]

Revenues were $217 million below projections in May.

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Revenues were $217 million below projections in May.

I'm surprised they've already recouped $257 million of the $464 million shortfall from April. Well done, Sam.

[Rage Against the McKee]

Revenues were $217 million below projections in May.

I'm surprised they've already recouped $257 million of the $464 million shortfall from April. Well done, Sam.

The $464 million figure was 2013 vs 2014. The projected figure, which is used to set the state budget, only saw a $92 million shortfall. Things are getting worse, not better. Revenues in May are not down $257 million from last year. That is how much they missed projections by. A few more months of this and the state is going to come up a billion dollars short next fiscal year.

http://m.cjonline.com/news/2014-05-30/state-revenue-dips-217m-below-estimate-may

[CNS]

McKee, the sky is not falling. Just yesterday, I heard on the radio that the state doesn't expect the shortfalls to continue after May. 

[Rage Against the McKee]

McKee, the sky is not falling. Just yesterday, I heard on the radio that the state doesn't expect the shortfalls to continue after May.

Oh, well that's good.

[CNS]

Radio didn't say if that expectation was from the same portion of the govt that made the failing projections or not, but you should definitely feel relieved.

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Revenues were $217 million below projections in May.

I'm surprised they've already recouped $257 million of the $464 million shortfall from April. Well done, Sam.

The $464 million figure was 2013 vs 2014. The projected figure, which is used to set the state budget, only saw a $92 million shortfall. Things are getting worse, not better. Revenues in May are not down $257 million from last year. That is how much they missed projections by. A few more months of this and the state is going to come up a billion dollars short next fiscal year.

http://m.cjonline.com/news/2014-05-30/state-revenue-dips-217m-below-estimate-may

The fiscal year ends next month.  I don't think a 1% miss in revenue projections implicates billions of dollars of shortfall  in subsequent years.    Its actually not bad considering the pathetic economic conditions nationwide, including GDP contraction of 1% 1Q.  But, please continue projecting your Brownbacksidehurt on the blog, it's good rhetoric.

[Rage Against the McKee]

Revenues were $217 million below projections in May.

I'm surprised they've already recouped $257 million of the $464 million shortfall from April. Well done, Sam.

The $464 million figure was 2013 vs 2014. The projected figure, which is used to set the state budget, only saw a $92 million shortfall. Things are getting worse, not better. Revenues in May are not down $257 million from last year. That is how much they missed projections by. A few more months of this and the state is going to come up a billion dollars short next fiscal year.

http://m.cjonline.com/news/2014-05-30/state-revenue-dips-217m-below-estimate-may

The fiscal year ends next month.  I don't think a 1% miss in revenue projections implicates billions of dollars of shortfall  in subsequent years.    Its actually not bad considering the pathetic economic conditions nationwide, including GDP contraction of 1% 1Q.  But, please continue projecting your Brownbacksidehurt on the blog, it's good rhetoric.

Yeah, I said next fiscal year. Coming up more than $300 million short during the first 3 or 4 months of the next fiscal year would put us on pace to come up about a billion dollars short, even if things get better and we start hitting predicted revenues.