State revenues higher than expected
Topeka ? The state collected $52.8 million more in general revenues than anticipated in September, the Legislative Research Department reported Friday.
Collections were $486.7 million, the agency said. The state’s official financial forecast, issued in April, predicted collections of $433.9 million. The difference is 12.2 percent.
Before September, revenues already were running ahead of expectations for the state’s 2006 fiscal year.
From the start of the fiscal year on July 1 through Sept. 30, the state collected $66.5 million more than anticipated, a total of $1.22 billion. The official estimate was $1.15 billion, or 6 percent lower.
The Research Department said the revenues – mainly individual and corporate income taxes – show that the economy continues to grow.