Tag: incentives
SB 546 would end two business subsidies, cut corporate tax rate
Corporate income taxes in Kansas would be reduced to 5.75%, and two business subsidies — Promoting Employment Across Kansas (PEAK)…
Kansas taxpayers snookered again; Oklahoma lands bigger Panasonic battery plant with smaller price tag
The Kelly/Toland administration told Kansas legislators they had to approve nearly $1 billion in subsidies to ‘win’ the competition with…
Audit: Economic development ‘incentives’ don’t cover costs to taxpayers
A recent audit of economic development “incentive” programs by the Kansas Legislative Division of Post Audit found that — while…
No, Gov. Kelly, business isn’t booming in Kansas
With less credibility than Eddie Haskell, Kansas Governor Laura Kelly this week declared that business is booming in Kansas. The…
Commerce can’t – or won’t – substantiate “jobs created” claim
In late November of last year, the Kansas Department of Commerce announced that there had been $2 billion in new…
Wichita city council approves property tax increases in Delano TIF
The Wichita city council unanimously approved an emergency measure today to expand the Delano TIF district, so the city can…
Churn and Burn: Incentives and the Wichita Economy
At a recent Wichita City Council meeting members grappled with what to with the WaterWalk development. The old Gander Mountain…
Rationale of government incentives
Incentives, also known as taxpayer-funded subsidies, are the predominant methods used by government and elected officials to encourage economic development. …
Bonds, Tax Burdens and Wichita’s New Stadium
The Wichita City Council gave the go-ahead to private development of a new $75 million stadium to house the relocating…
Effectiveness of incentives called into question
Incentives, also called taxpayer-funded subsidies, are ubiquitous in state and local government economic development efforts. The majority of incentives given…