Kansas Revenues in July Beat Expectations By $1.6M

KSAL StaffJuly 31, 2014

Kansas collected $1.6 million more in taxes than anticipated in July, breaking a streak of monthly shortfalls in collections.

The Department of Revenue reported Thursday the state took in almost $409 million in taxes in July, when the state’s official fiscal forecast predicted revenues of $407 million.

The July surplus was only four-tenths of 1 percent, but it was a sharp break from collections in April, May and June, which fell a total of $334 million short of expectations.

Those shortfalls sparked an intense debate about whether the state underestimated the effects of personal income tax cuts enacted at Republican Gov. Sam Brownback’s urging in 2012 and 2013.

Brownback’s administration said the shortfalls were due to investors reacting to uncertainty about federal tax policies.

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

Salina Man Jailed After A...
August 15, 2018Comments
Alternative Rock to Highl...
August 15, 2018Comments
Three More Most Wanted Ar...
August 15, 2018Comments
Colyer Concedes Election ...
August 14, 2018Comments

LATEST TWEETS

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