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Kansas Tax Collections $21M Short in September

KSAL StaffSeptember 30, 2014

Kansas says its tax collections fell $21 million short of expectations in September.

The lower-than-anticipated collections were disclosed Tuesday in the state Department of Revenue’s monthly preliminary revenue report. The development could cause a short-term increase in the state’s predicted budget shortfall of $238 million by July 2016.

The department emphasized that even with overall taxes falling short, the state saw higher-than-expected corporate income tax collections.

The state anticipated collecting $542 million in taxes in September and instead took in $521 million, a difference of 4 percent.

Since the fiscal year began in July, the state has collected about $1.35 billion in taxes, against expectations of $1.37 billion. The difference there is $23 million, or 1.7 percent.

The biggest shortfall is in personal income tax collections.

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

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