Kansas Revenues Up In July
Joe Denoyer - August 1, 2017 4:07 pm
Kansas says it collected $7.6 million more in taxes than anticipated in July during its first month under an income tax increase approved by legislators.
The Department of Revenue reported Tuesday that the state collected $453.5 million in taxes. That’s 1.7 percent more than the official projection of almost $446 million.
The surplus in July collections came after the state ended its 2017 fiscal year on June 30 with tax collections exceeding expectations by $72 million, or 1.3 percent. Total tax collections for fiscal 2017 surpassed $5.8 billion.
Lawmakers enacted the income tax increase over Republican Gov. Sam Brownback’s veto to raise an additional $1.2 billion over two years.
Brownback budget director Shawn Sullivan tweeted that it’s too early to tell whether the tax increase will generate what is expected.