Kansas tax collections $57M more than expected in September

(KSNT Photo/Brian Dulle)

TOPEKA, Kan. (AP) — Kansas is reporting that it collected $57 million more in taxes than anticipated in September.

It was the fourth consecutive month that tax collections have exceeded projections from the state’s official fiscal forecast.

The state Department of Revenue said Monday that nearly $603 million in taxes was collected last month. That was 10.5 percent more than the official estimate of $545 million.

Since the fiscal year began July 1, the state has collected $73 million more than anticipated, with tax collections of $1.5 billion exceeding expectations by 5.1 percent.

Legislators in June rolled back past individual income tax cuts championed by Republican Gov. Sam Brownback to help balance the budget.

Individual income tax collections are exceeding expectations but so are corporate income and sales tax collections.

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