Kansas Revenues Fall Short
KSCB News - November 1, 2011 8:18 am
The Kansas Department of Revenue says the
state collected $4 million less in taxes than anticipated in
But the department says the payment of a large, one-time refund
from taxes paid in previous years was the reason. The agency did
not provide additional details.
The state expected to collect $462 million in taxes in October
and took in $458 million. The difference was about 1 percent.
The shortfall ended a streak of six consecutive months in which
tax collections exceeded expectations.
Still, for the fiscal year that began in July, the state is $62
million ahead on its tax collections, exceeding expectations 3.4
percent. Since July 1, the state has collected almost $1.9 billion
State officials and economists meet Friday to issue new revenue