Newspaper article The Topeka Capital-Journal

Kansas Tax Collections Beat Projections by $9 Million in August

Newspaper article The Topeka Capital-Journal

Kansas Tax Collections Beat Projections by $9 Million in August

Article excerpt

State government tax collections in Kansas during the month of August surpassed projections by nearly $9 million, officials said Friday.

The Kansas Department of Revenue reported corporate and retail sales tax collections topped expectations by $17 million, while individual income tax revenue fell $9 million short of the target. State liquor taxes surged $500,000 above predictions of state economists.

The state's monthly revenue reports have taken on heightened meaning following adoption by the 2017 Legislature, over a veto by Gov. Sam Brownback, of a two-year, $1.2 billion tax increase to stabilize the budget.

That legislation eliminated an exemption to the state income tax on owners of 330,000 businesses and raised the state's individual income tax rates to eliminate a deficit and boost aid to K-12 education. …

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