Kansans will pay $392 million less in taxes in fiscal 2014 as a result of a 2012 reduction in the state’s top income tax rate, the Department of Revenue said last week, even if some popular exemptions are wiped out.

The savings will grow to $528 million in fiscal 2015 and $954 million by fiscal 2017, according to Revenue Secretary Nick Jordan.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.