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.


Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s