Medicaid Expansion and Financial Overview

Tax Proposal Bipartisan Tax Plan Will Reduce Tax Burden Across Most Major Tax Sources ~Will Provide $439.5mil of Direct Savings to Kansas Taxpayers in FY25~ Income Tax Relief Exempt Social Security income from state income tax for all taxpayers . • Does not just smooth the cliff - full elimination of this tax Produces taxpayer savings of $152.1mil in FY25 Increase the Kansas standard deduction for personal income tax • . Increased to $5k for individuals, $10k for married filing jointly, $7.5k for head of household Produces taxpayer savings of $90.5mil in FY25 Sales Tax Relief Pull forward date of eliminating state level food sales tax to 04/01/24 • • Add diapers and feminine hygiene products to the list of 0% tax items Produces taxpayer savings of $79.7mil in FY25 Add a back-to-school state-sales tax holiday • First weekend of August every year, saving taxpayers $4.8mil 10

View entire presentation