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Wednesday, July 23, 2014

Kansas collects $29 million more in taxes than expected

TOPEKA, Kan. (AP) – A state agency says Kansas collected $29 million more in taxes than anticipated in February.

The Department of Revenue said Wednesday the state collected more than $261 million in February, about 12.6 percent more than the expected $232 million.

Revenue Secretary Nick Jordan calls it a sign that the Kansas economy is recovering and more people are finding jobs.

Kansas was coming off a January in which a surge of early income tax filings led to an increase in total tax refunds and left revenues nearly $31 million short of expectations.

But since the fiscal year began in July the picture has been positive. Tax collections in the first eight months of the fiscal year total nearly $3.7 billion – about $32 million more than expected.

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