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    You are at:Home»State News»Report: Kansas tax revenues $4M short in October

    Report: Kansas tax revenues $4M short in October

    0
    By KMAN Staff on November 1, 2011 State News

    TOPEKA, Kan. (AP) The Kansas Department of Revenue says the state collected $4 million less in taxes than anticipated in October.

    But the department says the payment of a large, one-time refund from taxes paid in previous years was the reason. The agency did not provide additional details.

    The state expected to collect $462 million in taxes in October and took in $458 million. The difference was about 1 percent.

    The shortfall ended a streak of six consecutive months in which tax collections exceeded expectations.

    Still, for the fiscal year that began in July, the state is $62 million ahead on its tax collections, exceeding expectations 3.4 percent. Since July 1, the state has collected almost $1.9 billion in taxes.

    State officials and economists meet Friday to issue new revenue projections.

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