MCRE, LLC - Henry McClure -

Based on the latest available data, the major industries employing people in Topeka, Kansas, are: Health Care and Social Assistance:  This sector employs the largest number of people in Topeka, according to 2023 data. Major employers in this area include Stormont-Vail HealthCare and the University of Kansas Health Systems St. Francis Campus. Manufacturing:  Manufacturing is another significant industry, including companies like Hill's Pet Nutrition, Goodyear Tire & Rubber, Reser's Fine Foods, Frito Lay, and PTMW. Educational Services:  This sector includes employment at educational institutions like Topeka Public Schools USD 501, Washburn University, and Washburn Institute of Technology. Public Administration:  As the state capital, government employment is a significant factor in Topeka's economy, including positions at the state, county, and city levels. The State of Kansas is the largest employer in Topeka. Transportation and Warehousing:  Topeka is a reg...

  Tax incentives and the individual taxpayer burden: When a community grants large tax incentives to a major employer, this decision can have a direct impact on the individual taxpayers who don't necessarily benefit from the higher-paying jobs a large employer might bring to the community. Here's a breakdown of how the burden shifts: 1. Higher individual taxes Property tax increases:  Local governments rely heavily on property taxes to fund schools, public safety, infrastructure, and other essential services. When a large corporation receives property tax abatements, the tax burden on homeowners and other businesses can increase to make up for the lost revenue, notes HAR.com. Fees and assessments:  Communities might introduce or increase fees for services like water, sewage, garbage collection, or permits to offset the revenue losses from tax incentives given to a large employer. Sales tax hikes:  Some local governments may consider raising sales tax rates, which can...