LJWorld.com
Kansas’ tax collections exceed estimates by about 5 percent
The Associated Press
September 30, 2011
Topeka — A new report says Kansas collected $27 million more in taxes than anticipated in September.
It was the sixth consecutive month that tax collections have exceeded expectations.
The state Department of Revenue issued preliminary figures Friday showing that Kansas received $562 million in tax revenues for the month, when the expected amount was $535 million. The difference is about 5 percent.
The department also said tax collections since July 1, when the current fiscal year began, were about $66 million ahead of expectations, again about 5 percent. Total collections for the three months were about $1.4 billion.
In September, individual income tax collections, at $275 million, were about 6 percent higher than anticipated, exceeding expectations by $15 million.
Corporate income and sales tax collections also exceeded expectations.
Originally published at: http://www2.ljworld.com/news/2011/sep/30/kansas-tax-collections-exceed-estimates-about-5-pe/
