Opinion Columns & Blogs

Lagging sales tax collections worrisome

What may be most concerning about the state’s August tax collections coming in $30 million less than expected is that sales tax collections also missed the estimate – again. The Legislature and Gov. Sam Brownback raised the statewide sales tax rate to help fill the state’s budget shortfall. But August’s sales tax receipts were $3.2 million less than planned. It is the fourth consecutive month that sales tax collections have been less than anticipated – for a total shortfall over those four months of about $29 million. If that trend continues, it could wipe out most of the state’s projected cash reserves for this fiscal year. – Phillip Brownlee

  Comments