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Kansas tax collections $47M short of expectations in January

KSAL StaffJanuary 30, 2015

Kansas says its tax collections fell $47 million short of expectations this month.

The worse-than-anticipated collections are likely to complicate efforts by Gov. Sam Brownback and legislators to eliminate projected budget shortfalls.

The state Department of Revenue reported Friday that the state collected $513 million in taxes in January when it had anticipated taking in $560 million. The shortfall is 8.4 percent.

The state’s tax collections since the start of the current fiscal year in July were $59 million short of expectations, or 1.8 percent. The state anticipated collecting $3.3 billion during the period and took in about $3.2 billion.

The state faces projected budget deficits totaling more than $710 million for the current and next fiscal years, but the figures are pegged to revenue estimates made in November.

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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