Kansas to disclose whether August tax collections fell short

TOPEKA, Kan. (AP) — Kansas is preparing to disclose whether its tax collections in August fell short of expectations for the fourth consecutive month.

The monthly report due Thursday afternoon from the state Department of Revenue could complicate the state’s financial picture.

Tax collections have fallen short of expectations 10 of the past 12 months.

In July, they were nearly $13 million below the official state projections made in a forecast issued by officials and university economists in April. The shortfall was 2.9 percent.

A larger shortfall in June prompted Republican Gov. Sam Brownback’s administration to delay $260 million in state aid payments to public schools. The state also diverted money for highway projects to help avoid a deficit at the end of the state’s 2016 fiscal year on June 30.

 

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 This material may not be published, broadcast, rewritten or redistributed.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