Loading...

Kansas $4 million short of tax expectations in August

Kansas $4 million short of tax expectations in August

By Associated Press. CREATED Aug 29, 2014

A new report says Kansas collected $4 million less in taxes than expected in August.

The Department of Revenue said Friday the state took in $421 million in taxes, about 1 percent below the official forecast of $425 million.

The department called revenues flat but said there are signs of economic growth in the figures. Corporate income tax collections exceeded expectations for the month.

The state saw a slight surplus in tax collections in July. Since the current fiscal year began July 1, the state has collected about $829 million in revenues, against projections of nearly $832 million. The difference is about $2.4 million, or 0.3 percent.

The numbers are likely to renew a political debate over massive income tax cuts enacted at Republican Gov. Sam Brownback's urging.