Liberal, KS

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Revenues Up In Kansas For 2015

KSCB News - July 1, 2015 8:07 am

Kansas revenue receipts for fiscal year 2015 were $69.9 million more than the previous year.

The state collected $59.3 million more in individual income tax receipts; $38.6 million more in sales and use tax receipts for fiscal year 2015 and $18 million more for corporate income tax receipts compared to the fiscal year prior.

Total revenue receipts for June were $22.5 million less than expected. Individual income receipts were $14.4 million less than expected. Sales and use tax receipts were $11.3 million less than estimates.

"While receipts in June were below estimates, we are pleased that the fiscal year to date receipts were less than 1 percent below estimates and outperformed last fiscal year," said Revenue Secretary Nick Jordan.

 

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