Kansas tax collections fall $74.5M short in May

(KSNT File Photo)

TOPEKA, Kan. (AP) — Kansas is reporting that its tax collections last month were $74.5 million less than anticipated.

The Department of Revenue reported Wednesday that the state collected $469.5 million in taxes in May, when the official projection was $544 million. The shortfall was 13.7 percent.

The state has failed to hit its revenue projections 10 of the past 12 months. And state officials and university economy issued a new, more pessimistic revenue forecast in April.

The state missed its projections for individual and corporate income tax collections in May by wide margins.

The department blamed slumps in agriculture, energy production and aircraft manufacturing.

 

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