By
An event to define the scope and possible solutions to Wichita's long-term water challenges.


Examining Wichita's Water Future
An event to define the scope and possible solutions to Wichita's long-term water challenges.
Mon, 21 Jul 2014 16:07:44 +0000
By
“'We’re just trying to get all of these different perspectives in the same room and not in a debate format. We want to talk about if there is a problem, what is the scope of the problem and what are some possible solutions,'” said James Franko, vice president and policy director for KPI."

http://www.kansas.com/2014/07/15/3553660/community-forum-planned-on-future.html#storylink=cpy

CLICK HERE TO REGISTER: http://kansaspolicy.org/events/118507.aspx?view=c


Community forum planned on future of Wichita’s water | Wichita Eagle
www.kansas.com
The Kansas Policy Institute, a conservative Wichita nonprofit organization, is hosting a community forum about Wichita’s water future from 8 a.m. to noon on Thursday at the Wichita State Metropolitan Complex, Room 132, according to a news release.
Tue, 15 Jul 2014 16:00:24 +0000
By
What are the solutions to Wichita's water challenges? Next Thursday in Wichita attend a free event to find out. Wichita city officials, Kansas Water Office, and other experts discuss.

http://kansaspolicy.org/Events/118507.aspx?view=c


Wichita Water Conference
www.kansaspolicy.org
State experts, the City of Wichita, and local leaders will gather to explore scope of Wichita's water needs and possible solutions. Confirmed speakers: Kansas Water Office, City Councilman Pete Meitzner, Wichita Dir. of Public Works Alan King,
Wed, 09 Jul 2014 18:22:06 +0000
Last Refreshed 7/23/2014 2:31:51 AM
KPIBlog
Print
Good News on Tax Reform
Posted by Todd Davidson on Wednesday, May 23, 2012

There’s good news for those who are understandably concerned about the state’s ability to fund core services with implementation of the just-signed tax reform legislation. The billions in deficits that have been predicted in future years will never happen.

The standard analysis performed by Kansas Legislative Research Department (KLRD) makes no allowance for the Constitutional requirement to have a balanced budget. Spending adjustments required in 2014 would have long term effects that are not accounted for in that methodology, thereby artificially inflating future deficits.  KLRD also assumes that State General Fund (SGF) spending would grow by more than $700 million over the next few years, so a lot of the predicted deficits are driven by the assumption of large spending increases. (It’s standard methodology to change just one variable; we’re not here to criticize KLRD, only to take their analysis one step further.)

Below are three spending and revenue scenarios; the first is KLRD’s baseline scenario and the other two show the real world application of having a balanced budget.

Scenario 1: We have numbers pulled directly from KLRD.  As you can see revenue is projected to dive in 2014 and climb to $6.3 billion in 2018 while spending is projected to continuously grow unchecked; resulting in a $2.4 billion ‘deficit’ in 2018.

Scenario 2 uses KLRD’s revenue projections but reduces spending in 2014 by $670 million… enough to leave a $450 million ending balance ($450 million was chosen for math simplification and it’s in the ball park of the 7.5% ending balance requirement). Spending is then allowed to grow in lock step with revenue so long as $450 million is left in the bank.

Scenario 3 illustrates what happens if we implement aggressive efficiency programs and reduce spending by 6.5% in fiscal year 2013. That’s a smaller one-time reduction and still allows more spending than in FY 2011. The ending balance dips lower than recommended temporarily but controlled spending increases allow it to gradually rebuild. 

Rest assured these tax reductions will not result in a spiraling debt, but they will result in common sense spending restraint, economic growth and job creation.  As we have shown before a low tax burden is an essential component of economic competitiveness and the key to a low tax burden is spending restraint.

Archives