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Kansas revenues short $18M in October

Associated Press - October 31, 2013 7:33 pm

The Kansas Department of Revenue is taking steps to help residents replace critical documents lost in Sunday's tornadoes.

The Kansas Department of Revenue is taking steps to help residents replace critical documents lost in Sunday's tornadoes.

The Kansas Department of Revenue says the state collected nearly $18 million less in taxes than anticipated in October.

Figures released Thursday also show tax collections have been $27 million short of expectations since the fiscal year began in July.

The biggest reason is a shortfall in individual income tax collections.

For the month, Kansas collected $445 million in taxes, but officials had expected $463 million.

Kansas has collected $1.81 billion in revenue for the fiscal year to date, instead of the $1.84 billion expected.

The state anticipated $220 million in individual income collections in October but instead took in $187 million, missing the mark by 15 percent.

Kansas enacted massive income tax cuts in 2012 that have contributed to the revenue declines.

Iggy P Daily

November 1, 2013 at 10:07 am

Gee could it be because the economy is in the toilet. Or is it a combination of that and business’s closing?

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