MSC News

MSC News National Headlines Sports Top Headlines CBS US News CBS Technology

Printer Friendly

Email to a Friend

KS Revenue Fails Expectation

By Associated Press

03/31/2015

TOPEKA, Kan. (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.

You will need to be logged in to leave a comment.

Please Login

The posting of advertisements, profanity, or personal attacks is prohibited.

Click here to review our Terms of Use.