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August 31, 2012

State’s August income falls short of expectations

The state’s August receipts fell short of expectations Friday, but the overall trend shows the Kansas economy has grown since a year ago.

The state’s August receipts fell short of expectations Friday, but the overall trend shows the Kansas economy has grown since a year ago.

Receipts were $14.9 million less, or 3.3 percent, than expected for the month, the Kansas Department of Revenue said. The agency blamed the drop on flat individual income tax receipts.

State sales tax receipts were $6.4 million, or 3.5 percent, more than projected. The state also collected almost $23.6 million more this year than it had through the first eight months of 2011, the agency said.

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