Salina, KS

Now: 3 °

Currently: Cloudy

Hi: 3 ° | Lo: 0 °

Kansas Tax Collections $54M Below February Expectations

KSAL StaffMarch 1, 2016

TOPEKA, Kan. (AP) – Kansas is reporting that it collected $54 million less in taxes than anticipated in February, and the shortfall creates new budget complications.

The report Tuesday from the state Department of Revenue came only two weeks after the Republican-dominated Legislature passed a bill to eliminate a projected budget deficit of nearly $200 million for the fiscal year beginning July 1.

But the state now must act again to avoid a deficit on June 30, before the new fiscal year begins.

The department said the state collected $303 million in taxes last month instead of the $357 million projected in a November fiscal forecast. The shortfall is 15 percent.

Since the current fiscal year began in July, the state has collected $3.68 billion in taxes. That’s $80 million less than anticipated.

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

Viking boys fall in Sterl...
January 16, 2018Comments
Shooting Call Ruled a Hoa...
January 16, 2018Comments
Vandals Damage Trailer
January 16, 2018Comments
Suspect Buys Vacuum, Hour...
January 16, 2018Comments

LATEST TWEETS

Read all tweets
© 2007 - 2018