Kansas Job Losses (Minneapolis, Washington: 2013, how much, income)

[Mathguy]

Originally Posted by GraniteStater

Likely sloppy journalism. I'd also like to know who continues to make the state tax revenue projection forecasts?

Ok, I found the state budget from last year and revenues are roughly 525mil a month or around 6.3bil annually.

So, if they are off 11million one month that's about 2%.

I would think that with all the tax changes they've made, plus the stuff out of their control.....2% isn't exactly surprising as changing taxes is always just an estimate of what the impact will be.

Note that I'm not weighing in on the appropriateness of the tax changes or what the next steps should be (cut spending vs. raise taxes) but just that this seems to be at least a little bit of axe grinding over 2%.

Not so much issue with the shortfall as anger over the policies of Brownback. (which is understandable)

[Count David]

Originally Posted by Mattks

He's means state law, not county law. Say Kansas legalized marijuana for any purposes, medical or recreational, I'm fairly certain many counties would try to keep it illegal, or heavily restrict it. That makes me wonder if that happens in Colorado, does Colorado have dry counties like Kansas does? I could see it in eastern Colorado.

Some counties and cities are not allowing the stores to open in their jurisdictions.

[SyraBrian]

Originally Posted by Mathguy

Not sure if we can believe him but the one state official cited that it's a national phenomenon with sluggishness.

So Granitestater, what % of a shortfall is that? I mean is this catastrophic or major? 10% shortfall? 30% shortfall?

I find it odd that the article doesn't give us any scale which is usually either sloppy journalism or dishonesty.

Did a little research and sales tax receipts pretty sluggish from Texas on up through the plains until one gets to Minnesota where all receipts seem to be surging.

Oregon sales tax receipts remain flat.

[empires228]

I'm not sure it's sales tax to blame... The string performing markets are turning out the same receipts if not better. It's Brownback'a tax cuts that are the biggest blame.

[SkyDog77]

Originally Posted by SyraBrian

Did a little research and sales tax receipts pretty sluggish from Texas on up through the plains until one gets to Minnesota where all receipts seem to be surging.

Oregon sales tax receipts remain flat.

Minnesota??? But that's a socialist state!?!?!

[GraniteStater]

Originally Posted by SkyDog77

Minnesota??? But that's a socialist state!?!?!

The Twin Cities have the highest median household income in the Midwest.

[Mathguy]

Originally Posted by empires228

I'm not sure it's sales tax to blame... The string performing markets are turning out the same receipts if not better. It's Brownback'a tax cuts that are the biggest blame.

We are talking about AFTER they were forced to put taxes back on because the initial tax cuts proved to be unsustainable.

We are also talking about the GAP between expected and actual so I think you're frankly confused by what we're discussing.

[Mathguy]

Originally Posted by GraniteStater

Likely sloppy journalism. I'd also like to know who continues to make the state tax revenue projection forecasts?

Seems like a better article title would be "Estimated tax revenues off by 2% after major tax changes".

*shrug*

I mean you work with number and projections from time to time as do I.

If someone gave me state tax data from the last 12 months and told me to increase them by changing sales tax and a few other items....and I would up off by 2%? I'd have a hard time not rolling my eyes at them given the macro-economic and even regional factors that could play into variance in that number.

Reminds me of some of the same tawdry math gymnastics they pulled back during the "record profits" of the Oil companies in 2008. Yep....show total dollars, not % of profit margin or anything meaningful.

[CrownVic95]

Originally Posted by GraniteStater

The Twin Cities have the highest median household income in the Midwest.

Along with a cost of living index near highest in the Midwest.

[GraniteStater]

Originally Posted by CrownVic95

Along with a cost of living index near highest in the Midwest.

The cost of living is a bit above the national average, but median household incomes in most of the metropolitan counties in the Twin Cities are SIGNIFICANTLY above the national average. The quality of life there is also greater than the vast majority of the Midwest as well.