Kansas March revenues top estimate by $40 million
03/30/2012 5:00 AM
03/30/2012 4:57 PM
TOPEKA, Kan. (AP) – Kansas revenue collections surged in March on strong gains in corporate and personal income taxes, beating expectations for the month by about $40 million or roughly 10 percent.
The Kansas Department of Revenue said Friday the state collected nearly $432 million in March. The figure pushed total revenue for the first nine months of the fiscal year to $72 million above expectations.
The agency says corporate tax collections in March were $21.5 million more than expected. Individual income tax payments topped official projections by $14.6 million.
Sales tax collections came in at nearly $2.3 million more than expected.
Revenue Secretary Nick Jordan says the collections indicate the Kansas economy is improving.
Join the Discussion
The Wichita Eagle is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.