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.

 

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Now in his third year as News Director at KD-Country 94 and Z-96.3 The Lake, Chad is a jack of not all, but many trades. He spent previous years of his working life in hotel management, event planning, security, the aviation industry, staff writing for a newspaper, and as a small business owner. He began doing play-by-play of high school sports for KDNS and KZDY in 2009 and came to work full time for the stations in July of 2015. He is the father of an eight year old daughter who enjoys spending his free time with her, his very significant other and her children. His favorite activities include attending live music and sporting events as well as being a singer/songwriter. A natural conversationalist, he also enjoys a good discussion/debate on a myriad of topics from current events and politics to sports and philosophy. He resides in Beloit with his daughter and continues to write sports and meeting stories for the local newspaper.