Kansas Revenues Top Forecast For November
Associated Press - November 27, 2013 6:07 pm
Kansas revenue officials say growth in sales taxes helped the state collect slightly more in taxes than expected this month.
Figures released Wednesday show the state collected $380 million in taxes and fees in November, topping the latest forecast by nearly $1 million.
November collections of sale taxes were $1.1 million more than expected. Revenue Secretary Nick Jordan calls the numbers a sign that consumers and businesses have confidence in the economy to spend more of their money.
The report also says overall tax collections in the fiscal year that began July 1 totaled nearly $2.2 billion taxes. That’s roughly $230 million less than in the same period of the previous fiscal year, due to the state’s reductions in income tax rates.