Liberal, KS

Now: 87 °F

Currently: Fair / Windy

Hi: 87 °F | Lo: 43 °F

Saturday

Hi: 71 °F 

Lo: 47 °F

Sunday

Hi: 73 °F 

Lo: 38 °F

Monday

Hi: 65 °F 

Lo: 35 °F

Tuesday

Hi: 69 °F 

Lo: 40 °F

Wednesday

Hi: 71 °F 

Lo: 38 °F

Kansas Revenue Collections Off In May

KSCB News - June 1, 2010 12:00 am

Kansas collected $24 million less in taxes than expected in May.

A report released by the Department of Revenue on Friday shows that Kansas collected $332 million for the month.

Estimates were for Kansas to collect $356 million.

A factor in the shortage was lagging corporate income taxes. The state estimated it would collect $25 million for the month, but instead paid $3.2 million in refunds.

For the fiscal year that ends June 30, Kansas is now some $89 million short in what is needed to balance the budget.

The report was released the same day legislators held their formal closing ceremony for the 2010 session.

 

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