Collecting about $8.5 million less in state tax revenue than expected during the first quarter of this fiscal year may be a positive economic sign, the Kansas Department of Revenue suggested this week. It may mean that businesses are investing more in machinery, the department speculated. A more likely explanation is that the recently passed state tax cuts aren’t acting like “a shot of adrenaline to the heart” of the Kansas economy, as Gov. Sam Brownback had promised. A report released last week by the Center for Economic Development and Business Research at Wichita State University forecast that next year’s nonfarm employment growth in Kansas will be 1.4 percent, less than the national average.
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