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    You are at:Home»State News»Kansas tax collections slightly better than expected in July

    Kansas tax collections slightly better than expected in July

    0
    By KMAN Staff on August 2, 2019 State News

    TOPEKA, Kan. (AP) — Kansas is reporting that its tax collections were slightly higher than expected in July.

    The Department of Revenue said Thursday that the state collected $496 million in taxes last month when its official revenue forecast predicted $494 million. The $2 million difference was a surplus of 0.4%.

    It was the first month of the state’s 2020 budget year. During the 2019 budget year, the state’s tax collections of almost $7.5 billion were $191 million more than expected, for a surplus of 2.6%.

    Tax collections have exceeded expectations 25 of the past 26 months.

    But the new budget year is getting off to a slightly slower start than the 2019 budget year.

    The state collected $499 million in taxes in July 2018, or almost $3 million more than last month.

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