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McPhersonSentinel - McPherson, KS
  • Tax collections slightly exceed expectations

  • The state Revenue Department says Kansas collected $2.6 million more in taxes than expected in November.
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  • The state Revenue Department says Kansas collected $2.6 million more in taxes than expected in November. The agency said Friday the state collected about $441 million in taxes this month, when a fiscal forecast predicted it would take in less than $439 million. The difference is less than 1 percent, but Revenue Secretary Nick Jordan said the numbers contain solid signs that the state's economy is improving. The report was the first since officials issued a new fiscal forecast earlier this month. Legislative researchers project a budget shortfall of $328 million by June 2014, although that figure is likely to be recalculated next month. Kansas enacted massive income tax cuts this year to stimulate the economy.
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