TOPEKA, Kan. (AP) — Kansas collected $30 million less in taxes than anticipated in August, but officials said larger-than-expected income tax refunds were largely the reason.
The State Department of Revenue reported Tuesday that tax collections were about $418 million last month, compared with the official projection of $448 million. The shortfall was 6.8 percent.
Budget director Shawn Sullivan noted during a news conference that the shortfall was offset by budget adjustments he announced last month. When those adjustments are considered, the state’s total revenue shortfall was roughly $6 million.
Department of Revenue officials said the state paid out $22 million more than expected in income tax refunds.
The figure included nearly $14 million to a company receiving a corporate income tax credit for investing in its Kansas facilities. Officials declined to name it.
© Associated Press
MOST VIEWED STORIES
Holton woman killed in Jackson Co car-deer accident
Revised flood predictions along the MO River
Valuation change notices coming soon for Nebraska residents
Lancaster shooting, threats, land man in jail
Case dismissed in charity fraud allegations
Three injured in Thursday Jeff Co collision
Atchison Police probe car wash thefts
KHP pursuit ends in Jackson Co
Jeff Co North USD 339 bond issue defeated
Atchison Co's Laurie seeks another term as Sheriff
Atchison's Amelia fireworks voted 3rd in nation
USD 415 board holds special meeting
Former KS AG files for Congress
Atchison Co vets to honor comrades Monday
One injured in Jeff Co collision
Brown Co Commissioner files for re-election
Falls City Hot Air Balloon Festival coming in June
LATEST STORIES
Plans underway for " No Summer Hunger" program
Whiting woman sentenced in theft of fire dept. funds
HCC hires new Vice President for Academic Affairs
One injured in Jeff Co collision
Holton woman killed in Jackson Co car-deer accident
Atchison Co vets to honor comrades Monday
Richardson County Board receives organization updates