Kansas tax collections $108M more than anticipated in May

Capitol Bureau
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Kansas is reporting that it collected $108 million more than expected in May to give the state a full year’s worth of monthly revenue surpluses.

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. But Kansas hasn’t seen a 12-month streak of better-than-expected tax collections since at least January 1989.

The state collected $555 million in taxes last month when it projected $447 million. The surplus was 24.1 percent.

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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