TOPEKA (KSNT) – Kansas total revenue collections in June failed again to hit last year’s estimates, falling $22.5M short of projections.
The Kansas Department of Revenue reported Tuesday that total tax receipts for the month were below expectations primarily because the state collected less in personal income taxes and also Sales and use taxes.
Individual income tax receipts were $14.4M less than expected, while the sales and use tax receipts were $11.3M under projections.
“While receipts in June were blow estimates, we are pleased that the fiscal year to date receipts were less than 1 percent below estimates and outperformed last fiscal year,” says Kansas Revenue Secretary Nick Jordan of the numbers.
Trying to put a positive spin on yet another month of failing to meet expectations, Jordan noted that the state’s revenue for the fiscal year of 2015 were $69.9M more than the previous year.
In the past 10-months the amount of money collected has only surpassed estimates twice, and the gains in August of 2014 were later revised downward.