Kansas misses revenue estimates by nearly $13 million for July

Kansas missed revenue expectations by $12.8 million for July, the first month of the current fiscal year.

The miss comes primarily because sales tax receipts were 5.3 percent below expectations. The state came up $10.8 million short on sales tax for the month.

Corporate income tax also fell below expectations by $5.9 million, or 39 percent. The state outperformed expectations on individual income tax, bringing in $1.1 million, or 0.7 percent, more than estimated.

“We are pleased to start the new fiscal year with positive individual income tax growth, but concerned with the continued weak corporate tax receipts, which many states in our region are experiencing,” said Secretary of Revenue Nick Jordan. “Sales tax receipts remain weak in counties with significant agriculture and oil economies.”

July is the first month of the 2017 fiscal year. If the state continues to miss estimates, more budget cuts could be on the horizon.

Before the July miss, the state had expected to have $87.5 million in its general fund by the end of the fiscal year. That leaves little room for error in the state’s general fund budget of more than $6 billion.

House Minority Leader Tom Burroughs, D-Kansas City, called the numbers disappointing and said in a statement that the “financial hole Governor Brownback and his rubber-stamp allies in the Legislature have created keeps getting deeper.”

This story was originally published August 1, 2016 at 6:20 PM with the headline "Kansas misses revenue estimates by nearly $13 million for July."