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Posted: 3:35 PM Jul 30, 2010
Kansas Revenue off $424K From Estimate
Even with a state sales tax increase, a report out Friday shows sales tax collections for the month $2.3 million lower than anticipated.
Reporter: AP |
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6 Comments 
TOPEKA, Kan. (AP) _ Preliminary figures from the Kansas Department of Revenue show state tax collections in July were $424,000 below expectations.
Kansas raised its sales tax to 6.3 percent from the previous 5.3 percent with the start of the new fiscal year July 1. But even with the increase, Friday's report shows sales tax collections for the month $2.3 million lower than anticipated.
Overall tax revenue for July totaled $378.9 million, compared with an expected $379.3 million. Kansas collected $344.3 million in taxes in July 2009.
Offsetting the decline in sale taxes were increased collections of individual income taxes and corporate franchise fees. Income taxes beat the estimate by more than $1 million.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
Latest Comments
The company I work for has been moving jobs out of this state for years. They have let so many people go that they have to bring people in from other states to cover the work. Well the money and tax dollars are leaving the state.
If your unemployed your LAZY!! Plenty of jobs out there!! Maybe not the one you want but a job that pays.. NO reason other than being lazy and wanting handouts to be unemployed!!!!
Two words...cut entitlements..cut spending. Higher sales tax is just making people leave the state to buy big ticket items..taxes keep people out of the state Duh!!!
