August Tax Receipts Anxiously Anticipated By Kansas Officials

Kansas officials will learn soon whether the state’s tax collections in August met expectations.

The report due Tuesday from the Department of Revenue is coming a little more than a month after Gov. Sam Brownback’s budget director announced $63 million in adjustments to the state’s $15.4 billion budget to lessen the chances of a deficit.

The state finished its 2015 fiscal year on June 30 with tax collections $26 million short of expectations, and collections fell another $5.4 million short in July.

Even with budget adjustments and sales and cigarette tax increases taking effect in July, the state won’t have much of a financial cushion in cash reserves.

Budget problems arose after lawmakers slashed income taxes in 2012 and 2013 at Brownback’s urging as an economic stimulus.