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Archive for Friday, October 29, 2010

Kansas tax collections exceed estimates

October 29, 2010

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For the third straight month, the state has collected more tax revenue than earlier projected, officials said Friday.

Gov. Mark Parkinson said the October revenue figure was good news.

“This news is not just an example of how the responsible budget that was passed by the bipartisan coalition in the Legislature is working, but also how our economy is heading in the right direction,” Parkinson said.

The $447 million in collections in October was 2.9 percent more than earlier projections, and 11.8 percent more than the amount collected in October 2009.

For the fiscal year, which started July 1, the state is 2.9 percent ahead of projections and has collected 11.8 percent more than at the same time last year.

State budget experts will meet Tuesday to project the next fiscal year’s financial outlook.

“As we learn more about our state’s future responsibilities, my administration will remain focused on doing all that we can in the coming months to keep Kansas on the road to recovery,” Parkinson said.

Comments

Robert Burnham 3 years, 5 months ago

Extra money, let's give the politicians another raise !!!!!

Or let's vote them ALL out of office! It wasn't meant to be a career!!!!

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George Lippencott 3 years, 5 months ago

Well, since the sales tax revenue is up about 20% on the year it would seem that maybe we did not lose business because of the sales tax increase??

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antacid 3 years, 5 months ago

the reason tax collection increased so sharply was because of the tax amnesty program.

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nugget 3 years, 5 months ago

Don't worry, soon-to-be governor Klownback will ride to the rescue just in time to rob the educational system of Kansas furtherand get it back to where it really needs to be, in the hands of non-Kansas based corporations that contribute to his campaign. How's that trickle down thingy working for ya'all?

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BigDog 3 years, 5 months ago

They didn't state it this month but in past month's .... the increase is almost exactly equal to the amount of the sales tax increase. Which means the economy has not really improved over where it was last year.

The good news is it hasn't worsened and people haven't stopped purchasing stuff due to the sales tax increase.

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notajayhawk 3 years, 5 months ago

"October was 2.9 percent more than earlier projections, and 11.8 percent more than the amount collected in October 2009.

"For the fiscal year, which started July 1, the state is 2.9 percent ahead of projections and has collected 11.8 percent more than at the same time last year."

If that's not a typo, then the month of October was exactly on track with the three months preceding it. Maybe it's time to revise those projections so they won't be so 'unexpected'.

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finance 3 years, 5 months ago

How predictable. Never satisfied, are 'ya? When the economy is sour, you're sour too. When the economy improves, same old sourness continues to flow. Get a life.

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kansasmutt 3 years, 5 months ago

Tax money taken from the people who can`t aford it, way to go.

If you add that 1% tacked on extra now, the real number compared to last year would be down , not up.

More bogus numbers to fool the people !!!!!

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macon47 3 years, 5 months ago

THIS IS WHY WE TAX BABY FOOD IT BRINGS IN THE BIG BUCKS EVEN IF YOU USE YOUR WELFARE CARD

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bobberboy 3 years, 5 months ago

keep it away from the republicans or they'll be stuffing their pockets with it !

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WilburM 3 years, 5 months ago

Oh, the horror!!!! Ha. The Legislature's gift to Sam Brownback, who will not, of course, seek its repeal.

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Bob_Keeshan 3 years, 5 months ago

3 straight months of the Kansas economy imploding thanks to a tax increase.

If not for the economy killing and jobs killing tax increase, revenues would be $500 million above estimates.

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