Kansas Revenues Close To Expectations
KSCB News - May 1, 2013 8:05 am
Kansas revenue officials say the state collected nearly what was expected for April, missing projections by less than $5 million.
The monthly report released Tuesday showed that Kansas collected $764.8 million in taxes. The state expected to collect $769.2 million for the month. The estimate was based on new projections calculated April 19 by a group of researchers and economists.
Revenue Secretary Nick Jordan said Kansas collected $25 million more in individual income taxes in April 2013 compared to April 2012. Jordan said collections indicate the state is seeing economic growth as a result of tax cuts enacted in 2012.
For the fiscal year that began July 1, 2012, Kansas has collected $5.018 billion in taxes, or about $4.4 million short of the $5.022 billion projected.