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Kansas Revenue Beats Expectations - KOAM TV 7

Kansas Revenue Beats Expectations

Updated:

    Kansas revenue is beating projections.
    That state has now seen a 12-month streak of better than expected tax collections.  That hadn't happened since at least January of 19-89.
    The state reports that it collected $108 million more than expected in May to give the state a full year's worth of monthly revenue surpluses.
    Kansas collected $555 million in taxes last month when it projected $447 million. The surplus was 24.1 percent.
    The state Department of Revenue on Friday attributed the surge's size to last-minute income tax payments in mid-April not being processed until early May. 
    The state collected almost $6.3 billion in taxes from the start of the current fiscal year in July 2017 through May. That is $174 million more than expected, for a surplus of 2.9 percent - even after state officials revised revenue projections upward in April.
 

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