Kansas total tax collections extend $18.9M past estimate

On Wednesday, Dec. 1, Kansas Gov. Laura Kelly announced that November’s total tax collections rose 3.1 percent more than the estimate. Paired against last November, this is 12.6 percent more.

Data was reviewed by the Consensus Revenue Estimating Group under the Kansas Division of Budget. The group is made up of state financial advisors, researchers, and university economists.

“While our state revenue numbers continue to be encouraging, maintaining fiscal responsibility is paramount moving forward,” Kelly said. “That’s how we will sustain strategic investments in critical state services.”

Individual income tax collections were below the estimate for the month by 1.6 percent, or $4.6 million, with $288.9 million collected.  These collections were below estimate for the month due to remittance due dates. These collections saw a growth of $13.5 million, or 4.9 percent, above last November.

Corporate income tax collections were $5.4 million, or 64.1 percent, more than the estimate with $13.7 million collected. This is a $8.5 million, or 165.5 percent, more than last November.

Sales and use tax collections were 13.8 percent, or $34.5 million, more than the same time last year. These collections were $285.4 million for the month, which is $8.5 million or 3.1 percent more than the estimate.