$639M in taxes collected in April for Kansas, $3.3M more than expected

TOPEKA, Kan. (KSNT) – Kansas is reporting that total tax collections for the month of April exceeded expectations with $3.3 million more than expected.

The Kansas Department of Revenue reported Monday that the state collected $639 million in total tax revenue receipts for April. It is also $36.6 million more than April 2016.

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For the fiscal year, Kansas has collected $4.8 billion in total tax receipts and $5 billion overall.

“Withholding taxes are a good barometer of the state’s economic health because the tax is directly linked to more people working or people working more hours or for higher wages,” said Revenue Secretary Sam Williams.

Tax collections for March were $11.6 million below expectations.

The report comes less than two weeks after state officials and university economists revised revenue projections through June 2019. The new forecast was a little more optimistic than the previous one issued in November.

Kansas has faced projected budget shortfalls totaling $889 million through June 2019. Lawmakers reconvened Monday after their annual spring break to finish work on closing the budget gaps. They are expected to increase income taxes.

 

The Associated Press contributed to this story 

 

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