Kansas Revenues Down In October

KSCB News - November 1, 2012 8:21 am

A new report says Kansas collected $37 million less in taxes than anticipated in October, but officials think the shortfall will be temporary.

The Department of Revenue said Wednesday the state took in almost $477 million during the month. That’s about 7 percent less than the $514 million officials had expected.

So far in the fiscal year that began July 1st, the state has collected slightly than $2 billion – roughly $22 million short of expectations.

Revenue Department spokeswoman Jeanine Koranda says most of the shortfall was due to October having only two collection periods. There were three in October of last year.

Koranda says officials expect tax collections to bounce back in November.

 

Latest Stories

Liberal City Commission to Meet

The Liberal City commission will meet Tuesday evening at 5:30pm for their regularly scheduled meeting. Among...

USD 480 to Share Learning Plan Information

USD 480 staff will be reaching out to families of students by phone July 15th-17th. USD...

Covid-19 Numbers for July 13, 2020

The latest statistics released by the KDHE, Seward County Health Department, and surrounding Counties for Monday...