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Posted: Thursday, 31 October 2013 10:13PM

Kansas Revenues Short $18M in October



     TOPEKA, Kan.  -  The Kansas Department of Revenue says the state collected nearly $18 million less in taxes than anticipated in October.
     Figures released Thursday also show tax collections have been $27 million short of expectations since the fiscal year began in July.  The biggest reason is a shortfall in individual income tax collections.
     For the month, Kansas collected $445 million in taxes, but officials had expected $463 million.  Kansas has collected $1.81 billion in revenue for the fiscal year to date, instead of the $1.84 billion expected.
     The state anticipated $220 million in individual income collections in October but instead took in $187 million, missing the mark by 15%.
     Kansas enacted massive income tax cuts in 2012 that have contributed to the revenue declines.

AP News
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10/31/2013 10:21PM
Kansas Revenues Short $18M in October
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