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Archive for Wednesday, September 7, 2005

State revenues run ahead of forecast

September 7, 2005

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— Kansas revenue collections remain strong, up nearly 2 percent through August, officials said Tuesday.

According to figures released by the Legislative Research Department, the state collected $738 million in July and August, or $13.7 million ahead of projections. Tax revenues were $19.1 million ahead of the estimate, with gains coming in individual income, retail sales and compensating use tax paid by residents purchasing goods out of state.

Tuesday's news indicated that the state's economy continued to expand. Kansas ended the 2005 fiscal year with $47.5 million more than expected.

The unexpected money will help, with legislators under pressure to increase school spending.

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