Kansas revenue officials say the state
collected nearly $47 million more in taxes than expected last
month.
The Kansas Department of Revenue said Tuesday the May total was
$445 million, compared with about a forecast of $398 million.
For the first 11 months of the current fiscal year, the state’s
tax collections total more than $5 billion. That’s about $59
million more than the forecast on which the state budget was built.
Individual income taxes accounted for May’s biggest increase,
topping expectations by nearly $60 million. For the year,
individual income taxes are more than $94 million ahead of
estimates.
Revenue Secretary Nick Jordan says the new report indicates the
Kansas economy is expanding and the state’s business environment is
attracting more activity.