Salina, KS

Now: 50 °

Currently: Fair

Hi: 70 ° | Lo: 46 °

Kansas Hits More Pessimistic Tax Projections in November

KSAL StaffDecember 2, 2016

Kansas hit its new, more pessimistic revenue projections for November, with tax collections exceeding estimates by $1.4 million.

But the report Thursday from the state Department of Revenue did not significantly alter the state’s gloomy budget picture. It still faces a projected shortfall of more than $345 million for the current fiscal year that began July 1.

The state expected to collect $399.9 million in taxes in November and collected $401.3 million. The surplus was 0.3 percent.

It was the first monthly report on tax collections since officials slashed the state’s official revenue projections three weeks ago to reflect their pessimism about the economy.

Tax collections last met expectations in April after forecasters issued the previous revenue projections. They’ve fallen short of expectations 10 of the past 12 months.

 

Copyright © Rocking M Media, 2018. All Rights Reserved. No part of this story may be reproduced without Rocking M Media’s express consent.

CATEGORIES :

COMMENTS

RELATED POSTS

Changes Coming For Kansas License Buyers

December 2, 2017 10:15 am

Proposed Kansas Tyson Plant Paused

November 21, 2017 6:19 am

STAY IN TOUCH!

GET OUR APP!

LATEST POSTS

Dodge City Infant OK Afte...
September 26, 2018Comments
Savanna Chestnut to Highl...
September 25, 2018Comments
Stolen Truck Found, Arres...
September 25, 2018Comments
Salina Candidate Forum Pl...
September 25, 2018Comments

LATEST TWEETS

Read all tweets
© 2007 - 2018 - EEO  - KDJM  - KABI  - KSAL-AM  - KSAL-FM  - KVOB  - KYEZ  - KZUH