Liberal, KS

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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
October.
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
in taxes.
State officials and economists meet Friday to issue new revenue
projections.

 

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