Kansas’ February revenue beats expectations

TOPEKA, Kansas – One-time income tax payments totaling more than $50 million helped boost Kansas revenue collections in February ahead of official estimates.

The Kansas Department of Revenue says Friday that overall revenue collections were $97.6 million more than projected. Individual income taxes were $100.7 million more than anticipated, while corporate tax collections were up $4.8 million.

Officials say Kansas collected $329 million in February, beating estimates for $231.4 million. Kansas has collected $3.62 billion in revenues, compared to the $3.5 billion projected for the fiscal year that began July 1.

The gains were partially offset by declines from estimates in sales, use, motor carrier and cigarette taxes and fees.

KSN.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language, racial slurs or consistent name calling will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

blog comments powered by Disqus