Kansas Revenue Ahead Of Predictions
KSCB News - July 27, 2011 8:28 am
A new report says Kansas finished its latest
fiscal year with $107 million more in revenue than anticipated.
The 2011 fiscal year ended June 30. A final report from the
Kansas Legislative Research Department says revenue for the year
totaled almost $5.9 billion – nearly 2 percent higher than the $5.8
billion forecasters had predicted in April.
It also tops the $5.2 billion collected in fiscal 2010, but the
state increased its sales tax last year.
For fiscal 2011, individual income tax collections totaled $2.7
billion, nearly $115 million more than expected.
But sales tax revenue fell $25 million short of the $2 billion
that state forecasters had predicted.