Liberal, KS

Now: 60 °

Currently: Clouds

Hi: 60 ° | Lo: 48 °

Kansas Tax Revenues Fall Short Of Expectations

KSCB News - October 1, 2014 8:03 am

Kansas says its tax collections fell $21 million short of expectations in September.

The lower-than-anticipated collections were disclosed Tuesday in the state Department of Revenue’s monthly preliminary revenue report. The development could cause a short-term increase in the state’s predicted budget shortfall of $238 million by July 2016.

The department emphasized that even with overall taxes falling short, the state saw higher-than-expected corporate income tax collections.

The state anticipated collecting $542 million in taxes in September and instead took in $521 million, a difference of 4 percent.

Since the fiscal year began in July, the state has collected about $1.35 billion in taxes, against expectations of $1.37 billion. The difference there is $23 million, or 1.7 percent.

The biggest shortfall is in personal income tax collections.

 

Latest Stories

Symons Files For County Commission District 5

5 Bee Symons ( R) has filed his intent to run for the office of Seward...

Fifth Suspect Arrested Following Death of Kansas Women

TEXAS COUNTY, OK – As the Oklahoma State Bureau of Investigation continues its investigation into the...

SWMC Recognized for Higher Quality and Cost-Efficiency in Maternity Care

LIBERAL, KS –Southwest Medical Center is proud to be recognized by Blue Cross and Blue Shield...

 
KSCB Radio News