November tax collections are a relief

It’s a relief that the state’s November tax collections exceeded projections – even though those projections were significantly lowered last month. The state took in $7.7 million more in tax revenue, or about 1.7 percent, than expected. However, last month the state’s economists lowered revenue estimates for the rest of this fiscal year by $160 million. The Brownback administration responded with various fund transfers and adjustments, but the state was still projected to have almost no cash reserves left by the end of June. So the larger than expected tax collections in November are welcome. – Phillip Brownlee

This story was originally published December 2, 2015 at 6:07 PM.