Log Out | Member Center

62°F

83°/62°

Kansas tax collections slightly exceed expectations

  • Published Friday, Nov. 30, 2012, at 5:07 p.m.

TOPEKA. (AP) – The state Revenue Department says Kansas collected $2.6 million more in taxes than expected in November.

The agency said Friday that the state collected about $441 million in taxes this month, when a fiscal forecast predicted it would take in less than $439 million.

The difference is less than 1 percent, but Revenue Secretary Nick Jordan said the numbers contain solid signs that the state's economy is improving.

The report was the first since officials issued a new fiscal forecast earlier this month.

Legislative researchers project a budget shortfall of $328 million by June 2014, although that figure is likely to be recalculated next month.

Kansas enacted massive income tax cuts this year to stimulate the economy. Critics contend the reductions have led to budget problems.

Subscribe to our newsletters

The Wichita Eagle welcomes your comments on news of the day. The more voices engaged in conversation, the better for us all, but do keep it civil. Please refrain from profanity, obscenity, spam, name-calling or attacking others for their views. Please see our commenting policy for more information.

Have a news tip? You can send it to wenews@wichitaeagle.com.

Search for a job

in

Top jobs