Kansas Tax Collections $10 Million Short Of Estimates In August
Kansas tax collections missed the state’s estimate by $10 million in August.
The newest revenue numbers show individual income tax collections in Kansas beat the estimate, but that was outweighed by other types of taxes that didn’t perform.
Retail sales tax collections were down, and corporate income taxes were off by a huge margin.
The state expected $10 million in corporate tax collections, but only $300,000 came in.
Over the last year, monthly Kansas tax collections have topped estimates twice and come up short ten times.