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Kansas Revenues Up by $14.6 Million Over Projections

KSCB News - December 1, 2015 3:27 pm

Revenue receipts for November beat estimates by $14.6 million,
driven in part by stronger than expected individual income tax receipts.

Individual income tax receipts were $3 million, or 1.7 percent, more than
estimates.

Sales and use tax receipts continue to follow a national growth trend, and
collections were more than expected. Sale tax receipts were $3.5 million
more than estimates and $17 million more than what was collected November
2014.

�??Individual income tax receipts continue to reflect growth and a low
unemployment rate,�?� said Revenue Secretary Nick Jordan.

Tax receipts collected by the Department of Revenue for November exceeded
expectations for both the month and the year to date.

Total receipts for the fiscal year to date, reflecting money collected by
the Kansas Department of Revenue and other agencies totaled $2.3 billion.

Overall revenue receipts collections �?? which includes corporate franchise
fee, insurance premiums, interest, net transfers, agency earnings and
miscellaneous �?? were $439 million for the month, or $14.6 million more than
expectations.

 

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