Liberal, KS

Now: 52 °F

Currently: Cloudy

Hi: 52 °F | Lo: 48 °F

Saturday

Hi: 76 °F 

Lo: 60 °F

Sunday

Hi: 81 °F 

Lo: 59 °F

Monday

Hi: 81 °F 

Lo: 59 °F

Tuesday

Hi: 82 °F 

Lo: 52 °F

Wednesday

Hi: 75 °F 

Lo: 47 °F

Revenue Receipts in Strong Position to Meet Fiscal Year Estimates

Joe Denoyer - April 2, 2018 11:33 am

TOPEKA—Total tax receipts so far this fiscal year total $4.8 billion, which is $673.61 million or 16.32 percent above last year at this time and $314.83 million above estimates for the year.

Income tax collections for the fiscal year are $603.95 million above last year and $325.73 million above current expectations.

“Total tax receipts remain strong and position the state well to meet fiscal year end consensus revenue estimates,” said Secretary Sam Williams. “The growth in receipts is primarily a function of state and federal tax policy changes. We won’t be able to distinguish any real economic growth until after the April 17th filing deadline.”

March tax receipts came in $60.91 million over last March and $39.47 million above current expectations. Individual income tax collections in March were $77.88 million above last year. Sales tax receipts are up for the year by $38.36 million over last year.

 

Latest Stories

Garrison Files for Kismet City Council

2019 City/School Election FILING Kismet City Council Bryan Garrison has filed his intent to run for...

Liberal Firefighters Respond to Residential Fire

At 11:39 am Thursday the Liberal Fire Department was dispatched to 721 Griffith Ave. for fire...

Gust of Wind Causes Semi Accident and Injures 2

A strong gust of wind blew across Highway 83 in Seward County causing a semi to...