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Tuesday, 21 October 2014
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State Sales Tax Collections Up
08/31/2010
 

Kansas officials are hoping the state's tax

collections in August met expectations.

The state Department of Revenue planned to release preliminary

figures Tuesday.

Tax collections in July were close to expectations, falling

about $3 million short of the state's official estimate of $379

million. The shortfall was less than 1 percent.

If the state falls significantly short of expectations for

several months, Gov. Mark Parkinson could be forced to consider

revising the state's $13.7 billion budget. He made budget

reductions last year because of revenue shortfalls.

But Parkinson has been optimistic that the state's finances

stabilized after Kansas increased it sales tax on July 1 from 5.3

percent to 6.3 percent.

© Copyright KSCB News
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