re: Curious as to board’s opinion on KS austerity...

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Overall growth and job creation in Kansas underperformed both the national economy and neighboring states. From January, 2014 (after both tax cuts passed) to April, 2017, Kansas gained only 28,000 net new non-farm jobs. By contrast, Nebraska, an economically similar state with a much smaller labor force, saw a net increase of 35,000 jobs.

While overall employment barely increased and economic activity was lower than other states, Kansas saw a significant increase in the number of individuals with business income. The likely reason: That zero tax rate on pass-throughs. The tax cuts did produce one explosion, however. The state’s budget deficit was expected to hit $280 million this year, despite major spending reductions.

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