Kansas Tops June Revenue Projection By Over 13 Percent

Kansas says it collected $72 million more in taxes than anticipated in June.

The Department of Revenue reported Monday that the state took in $609 million in taxes last month. That’s 13.5 percent more than the official projection of $537 million.

It was the last month of the state’s 2017 fiscal year. Tax collections for the 12-month period exceeded $5.8 billion. Through May, tax collections had been in line with estimates.

Revenue Secretary Sam Williams said unemployment is low and wages appear to have grown.

Lawmakers had expected to end the 2017 fiscal year with cash reserves of $50 million after they approved internal borrowing and some other moves to close a projected budget shortfall.

Legislators increased income taxes to help balance the budget for fiscal 2018 and 2019.