Kansas Tax Projections Off in March

(AP) – Kansas says it collected $11 million less in taxes than anticipated this month.
The state Department of Revenue said in a preliminary report Tuesday that the state collected $391 million in taxes in March, when it expected to take in $402 million. The shortfall is 2.8 percent.
Since the fiscal year began in July 2014, tax collections have been $48 million less than anticipated, or about 1.2 percent short of expectations. The state collected almost $4 billion in taxes during the past nine months.
The lower-than-anticipated tax collections this month could complicate efforts by legislators to close a budget shortfall projected at nearly $600 million for the fiscal year beginning July 1.
But the department noted that individual income tax collections are running ahead of expectations.

There are no comments on this post.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: