Salina, KS

Now: 42 °

Currently: Overcast

Hi: 40 ° | Lo: 32 °

Kansas revenues short $18M in October

KSAL StaffOctober 31, 2013

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.

Copyright © Rocking M Media, 2021. All Rights Reserved. No part of this story may be reproduced without Rocking M Media’s express consent.

CATEGORIES :



STAY IN TOUCH!

GET OUR APP!

LATEST POSTS

ASAP Week to Be Celebrate...
January 23, 2021Comments
70 New COVID Cases, No Ne...
January 22, 2021Comments
Suspected Shoplifter Caug...
January 22, 2021Comments
Salina Tech Offers New 8-...
January 22, 2021Comments

LATEST TWEETS

Read all tweets