Kansas Tax Revenue $21M Below Estimate in September
Tax collections by Kansas state government in September fell a sobering $21 million below projections to mark the fourth time in the past six months revenue failed to match targets, officials said Tuesday.
The state’s individual income tax receipts dropped $42.4 million beneath the estimate set earlier this year by a team of state economists and officials in the Gov. Sam Brownback administration. Oil and gas tax revenue also failed to keep pace with the tax blueprint.
The revenue crater would have been twice as deep had it not been for a $21.5 million, or 33 percent, surge in corporate income tax receipts. It’s unclear why that number moved so much to the positive side, but one possibility was that a one-time payment was made to the state.
“We’ve worked hard to create a good business climate in Kansas, so it is encouraging to see corporate income tax receipts performing so strongly,” said Nick Jordan, secretary of the Kansas Department of Revenue.