KSALLINK.com
Residence 600
Smoky Hill Expo

Kansas Revenues Beat July Estimate

Associated Press - July 31, 2013 7:16 pm

A new monthly survey of bankers suggests the economy is slowing down in rural areas of 10 states in the Plains and the West.

A new monthly survey of bankers suggests the economy is slowing down in rural areas of 10 states in the Plains and the West.

Kansas officials say revenue collections beat estimates by $3.1 million in the first month of the new fiscal year.

A report Wednesday from the Department of Revenue says July’s figures were boosted by strong sales tax collections, which were $9.1 million higher than expected. Overall revenues for the month totaled $425.4 million.

Among other categories, individual income tax collections in July topped expectations by $3.4 million. But corporate income taxes came in $1 million below the figure predicted earlier by economists and researchers.

Severance taxes on production from Kansas oil wells also missed the estimate, by nearly $1.2 million.

Western Ad Specialties