Daily Archives: May 24, 2014

Open thread (May 24)


Kansas didn’t anticipate tax revenue drop

taxrevenueKansas isn’t the only state that saw a big drop in tax revenue in April compared with the previous year. Personal income tax collections declined in 27 of 32 states for which Reuters was able to collect data. Many of those states anticipated the revenue drop. “But there is also New Jersey. There is also Kansas, Pennsylvania,” Lucy Dadayan, a senior policy analyst at the Rockefeller Institute of Government, told Reuters. “Their projections are more optimistic than the reality. They either have to cut services – have to cut on the spending side – or raise taxes.”