Kansas’ June tax collections nearly $33M more than expected


TOPEKA, Kan. (AP) — Kansas is reporting that it collected nearly $33 million more in taxes than anticipated in June and ended its 2019 budget year with solid revenue growth.

The state Department of Revenue said Tuesday that Kansas collected nearly $782 million in taxes last month. The state’s fiscal forecast had predicted a little more than $749 million in taxes, making the surplus about 4.4%.

Tax collections exceed expectations 24 of the past 25 months.

The state collected nearly $7.5 billion in taxes during its 2019 budget year, or $191 million more than expected. That was a surplus of 2.6%.

The budget year’s tax collections grew nearly 6.3% from the 2018 budget year, or by $440 million.

It’s likely that Kansas ended its 2019 budget year with $1 billion in cash reserves.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Download the KSN News App and stay up-to-date wherever you are. You can even watch KSN News live for free!
Click here to get the app
Get it in the App store
Get it in the Google Play store

3 Day Forecast

KSN Storm Track 3 Weather

Trending Stories