Kansas stands out for declining revenue

kansasgreetings“California and New York are flush heading into 2014, while at the other extreme Alaska and Kansas are hurting,” reported Stateline, citing a decline in oil prices and production in Alaska and the income-tax cuts in Kansas in an article noting that 43 states expect growing revenues and more spending in fiscal 2014. Stateline also reported that, according to the Nelson A. Rockefeller Institute of Government, Kansas saw the largest revenue decline among states for the third quarter of 2013, at 9.4 percent, compared with 6.1 percent year-to-year growth in state tax revenues nationally.