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Posted: Friday, 29 August 2014 11:00PM

Kansas Taxes Fall Short of Expectations in August



TOPEKA, Kan.  - A new report says Kansas collected $4 million less in taxes than expected in  August.
 
The Department of Revenue said Friday the state took in $421 million in taxes, about 1%  below the official forecast of $425 million.
 
The department called revenues flat but said there are signs of economic growth in the figures.  Corporate income tax collections exceeded expectations for the month.
 
The state saw a slight surplus in tax collections in July. Since the current fiscal year began July 1, the  state has collected about $829 million in revenues, against projections of nearly $832 million. The difference is about $2.4 million, or 0.3%.
 
The numbers are likely to renew a political debate over massive income tax cuts enacted at Gov. Sam Brownback's urging.

AP News
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Topics : Business_Finance
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Locations : KansasTopeka
People : Sam Brownback
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08/29/2014 11:04PM
Kansas Taxes Fall Short of Expectations in August
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