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Monday, December 6, 2021

Federal Tax Changes Expected To Increase Kansas Coffers

A new report projects that Kansas will collect more than $505 million in additional revenues over the next three years because of changes in federal income tax laws.

The state Department of Revenue’s report Wednesday was good news for legislators as they wrestle with a Kansas Supreme Court mandate to boost spending on public schools. But it also could spur interest in state tax cuts.

The department said Kansas will see tax collections increase partly because Congress limited some federal income tax deductions.

The department projected that the state will collect an additional $138 million in the 2019 fiscal year starting July 1, $180 million in fiscal 2020 and $188 million in fiscal 2021.

The department released its projections for a joint meeting of the House and Senate tax committees.

Derek Nesterhttps://sunflowerstateradio.com
Derek Nester was born and raised in Blue Rapids and graduated from Valley Heights High School in 2000. He attended Cowley College in Arkansas City and Johnson County Community College in Overland Park studying Journalism & Media Communications. In 2002 Derek joined Taylor Communications, Inc. in Salina, Kansas working in digital media for 550 AM KFRM and 100.9 FM KCLY. Following that stop, he joined Dierking Communications, Inc. stations KNDY AM & FM as a board operator and fill-in sports play-by-play announcer. Starting in 2005 Derek joined the Kansas City Chiefs Radio Network as a Studio Coordinator at 101 The Fox in Kansas City, a role he would serve for 15 years culminating in the Super Bowl LIV Championship game broadcast. In 2021 he moved to Audacy, formerly known as Entercom Communications, Inc. and 106.5 The Wolf and 610 Sports Radio, the new flagship stations of the Kansas City Chiefs Radio Network, the largest radio network in the NFL. Through all of this, Derek continues to serve as the Digital Media Director for Sunflower State Radio, the digital and social media operations of Dierking Communications, Inc. and the 6 radio stations it owns and operates across Kansas.

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