Kansas Revenue Estimates Miss Mark Again October 2, 2015

(AP) – Kansas collected $31 million less in taxes than anticipated last month, a shortfall that could tighten the state’s budget picture.
The state Department of Revenue reported Thursday that the state took in $534 million in taxes, when its official fiscal forecast projected $565 million. The shortfall was about 5.5 percent.
Tax collections were almost equally as short of expectations in August, but the department attributed that month’s shortfall to larger-than-expected income tax refunds.
Since the fiscal year began in July, tax collections have been $67 million short of expectations, or about 4.7 percent off at about $1.37 billion.
Revenue Secretary Nick Jordan noted that taxes from oil and gas production failed to meet expectations in September because of fallen energy prices. He also said farm income has declined.

Kansas State Revenue Up in November November 28, 2014

(AP) – Kansas says its tax collections in November were $3.1 million more than estimated in November.

The Topeka Capital-Journal reports that revenue collections totaled more than $409 million this month, while about $406 million was estimated.

Corporate income tax receipts came in $1 million above estimates, while individual income tax receipts were $3.8 million above estimates.

But sales tax receipts fell short of estimates in November, coming in about $1 million below expectations.

The positive November revenue report came after Kansas fell $23 million short of estimates in October.

Kansas Revenues Shirt of Projection for Septembers September 30, 2014

(AP) – Kansas says its tax collections fell $21 million short of expectations in September.

The lower-than-anticipated collections were disclosed Tuesday in the state Department of Revenue’s monthly preliminary revenue report. The development could cause a short-term increase in the state’s predicted budget shortfall of $238 million by July 2016.

The department emphasized that even with overall taxes falling short, the state saw higher-than-expected corporate income tax collections.

The state anticipated collecting $542 million in taxes in September and instead took in $521 million, a difference of 4 percent.

Since the fiscal year began in July, the state has collected about $1.35 billion in taxes, against expectations of $1.37 billion. The difference there is $23 million, or 1.7 percent.

The biggest shortfall is in personal income tax collections.

The Democrat for Governor, Minority Leader Paul Davis says the report proves Governor Sam Brownback “economic expiiriment isn’t working and it’s not going to work,”

Kansas Ends Fiscal Year With More Money than Predicted July 6, 2013

(AP) – A new reports shows Kansas collected nearly $87 million more in taxes than expected in the fiscal year that ended June 30.

The state Revenue Department said Friday that tax collections totaled about $6.2 billion in the 2013 fiscal year, nearly $160 million more than in the previous year.

Collections in June were $567 million, about $25 million more than expected.

New laws enacted last year reduced the state’s personal income tax rates and eliminated taxes on roughly 191,000 businesses in certain categories