Kansas tax collections $81M more than expected in September
TOPEKA, Kan. (AP) — Kansas is reporting that it collected $81 million more in taxes than expected in September to extend its streak of better-than-anticipated figures to 16 months in a row.
It is the longest streak of better-than-expected collections in at least 50 years. An AP spreadsheet compiled from monthly reports shows the state hasn’t seen such a streak since at least February 1968.
The Kansas Department of Revenue reported Monday that tax collections were $696 million last month. The state’s official forecast had predicted $615 million.
The monthly surplus was 13.2 percent.
Since the current fiscal year began in July, tax collections have run $99 million ahead of expectations for a 6.2 percent surplus. The state also ended its last fiscal year on June 30 with better-than-expected tax collections.