Kansas Sample Letter for Organization Audit Form
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FAQ
What is Kansas' Gross Domestic Product (GDP)? In 2022, Kansas' GDP reached $162.2b, representing an increase of 0.9% from 2021. Kansas' GDP has declined at an annualized rate of -0.3% over the five years to 2022. Moreover, Kansas' trailing five-year GDP growth ranks it 37th out of all 50 US states.
Over the past three years, the Kansas economy has shown remarkable growth. In 2021, the state registered a GDP growth of 2.9%, slightly moderated to 2.3% in 2022 but expected to rebound to 2.5% in 2023.
After peaking in 2016 at $4.47 billion, outstanding tax-supported debt has decreased by about $802 million in the last six years to $3.67 billion at the end of fiscal year 2022.
Kansas only has $9.5 billion of assets available to pay bills totaling $13.6 billion. Because Kansas doesn't have enough money to pay its bills, it has a -$4.1 billion financial hole. To fill it, each Kansas taxpayer would have to send -$4,300 to the state.
In the 1st quarter of 2023, the real GDP for Kansas was $217.0 billion in goods and services per year.
If you have a tax debt, the Kansas Department of Revenue will send you a bill and may contact you by phone, in person or by a recorded message.
