Kansas tax collections $21M short in September

TOPEKA, Kan. (AP) — Kansas says its tax collections fell $21 million short of expectations in September.

The lower-than-anticipated collections were disclosed Tuesday in the state Department of Revenue’s monthly preliminary revenue report. The development could cause a short-term increase in the state’s predicted budget shortfall of $238 million by July 2016.

The department emphasized that even with overall taxes falling short, the state saw higher-than-expected corporate income tax collections.

However, the state has still failed to meet its expectations in five of the past six months. Collections fell short in April, May, June, August and now September. In July, the department initially reported a $1.6M gain over estimates, a number later revised below estimates by state fiscal analysts.

The state anticipated collecting $542 million in taxes in September and instead took in $521 million, a difference of 4 percent.

Since the fiscal year began in July, the state has collected about $1.35 billion in taxes, against expectations of $1.37 billion. The difference there is $23 million, or 1.7 percent.

The biggest shortfall is in personal income tax collections.

 

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

 

 

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