Kansas Tax Collections Fall $51 Million Short in May

By: AP
By: AP

TOPEKA, Kan. (AP) _ New figures on tax collections suggest the state could be headed for some big budget problems.

Preliminary figures from the Department of Revenue show that the state collected $51 million less than anticipated in taxes in May. The shortfall was almost 8 percent.

That's a problem because legislators based budget decisions on a
financial forecast made last month. And they ended their session last month already expecting to face financial headaches next year.

The state expected to collect about $664 million in general tax revenues in May and instead collected $613 million. Individual income tax collections fell almost $38 million short of expectations.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
631 SW Commerce Pl. Topeka, Kansas 66615 phone: 785-272-6397 fax: 785-272-1363 email: feedback@wibw.com
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 19536884 - wibw.com/a?a=19536884