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.

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