Archive for Tuesday, November 1, 2011

Report: Kansas tax revenues $4M short in October

November 1, 2011

Advertisement

— The Kansas Department of Revenue says the state collected $4 million less in taxes than anticipated in October.

But the department says the payment of a large, one-time refund from taxes paid in previous years was the reason. The agency did not provide additional details.

The state expected to collect $462 million in taxes in October and took in $458 million. The difference was about 1 percent.

The shortfall ended a streak of six consecutive months in which tax collections exceeded expectations.

Still, for the fiscal year that began in July, the state is $62 million ahead on its tax collections, exceeding expectations 3.4 percent. Since July 1, the state has collected almost $1.9 billion in taxes.

State officials and economists meet Friday to issue new revenue projections.

Comments

hyperinflate 3 years, 6 months ago

"But the department says the payment of a large, one-time refund from taxes paid in previous years was the reason. The agency did not provide additional details."

I'd bet my paltry refund check that this $4M refund went to Savior Sam's pimp-daddy brothers Koch and Koch.

LTownBaby 3 years, 6 months ago

Where do you get $4MM refund from? $462MM projected minus $458MM actual does not mean $4MM refund!!! This is what they want you to think. The collected taxes could have been much more than the projected number and thus the refund could have been much more than $4MM. Think about it!

Alceste 3 years, 6 months ago

Of COURSE the revenue is going to be "short" a bit....for a time......

We job creators are busy creating jobs and creating the jobs doesn't generate revenue. After we create our minimum wage jobs, it'll take a bit of time before the people we hire get their first check and then they'll be spending and we'll catch up. Just hold your horses.

PS: Lower our state income taxes and we'll work more better and more better faster. One hand washes the other after all. If you don't lower our state income tax, we're taking our ball home and sending it off to China; wait....we already did that....ok...we'll send more of our balls to China.....Mexico too. Thank the High Heavens for NAFTA...........

1arrowheaddrive 3 years, 6 months ago

More tax cuts will solve this budget problem.

Centerville 3 years, 6 months ago

Sounds like Joan Wagnon's appetite for taxes got away from her and current taxpayers have to fix her mess.

oldbaldguy 3 years, 6 months ago

So when we eliminate income taxes, this will not be a problem. Texas still has a huge energy industry, what do we have?

Commenting has been disabled for this item.