Liberal, KS

Now: 57 °

Currently: Clear

Hi: 73 ° | Lo: 36 °

Kansas Revenues Top Expectations

KSCB News - August 1, 2012 8:20 am

Kansas revenue officials say payments of corporate income taxes helped push state revenue above expectations for the first month of the new fiscal year.

The Revenue Department reported Tuesday that overall receipts in July totaled $457.8 million – about $2.7 million better than the official forecast.

Corporations paid nearly $14 million in state income taxes last month, compared with an expected $10 million. Payments of individual income taxes were on the mark at $205 million.

The department says use tax receipts were about $1 million more than expected, suggesting businesses are buying more equipment.

The overall July receipts came in at $20 million more than total revenue in the same month last year.

 

Latest Stories

USDA Awards Grants for Renewable Energy and Efficiency Projects

U.S. Department of Agriculture (USDA) Rural Development Kansas State Director Christy Davis announced $1,809,677 in investments...

First Southern Baptist Church in Liberal to Host 20K Egg Day

First Southern Baptist Church in Liberal will be hosting a 20K Egg Day, Easter Egg Hunt....

Industrial Accident/Explosion in Garden City

Garden City, KS (March 27, 2024): At approximately 11:25 a.m. on Wednesday, March 27, 2024, the...

 
KSCB Radio News