Kansas Tax Collections Narrowly Miss The Mark In July
Kansas is wrapping up the first month of the new fiscal year on a sour note. The state’s tax receipts in July came in just shy of expectations. Over the month, total tax collections in Kansas were short by just about 1 percent, or nearly $4 million.
The shortfall was largely driven by sales tax revenue coming in lower than expected. Kansas Secretary of Revenue Nick Jordan notes that corporate and personal income tax collections were higher than estimated for July.
This month’s revenue numbers are an improvement over last month, when tax collections were more than $20 million below estimates.