Kansas revenues miss May estimate
TOPEKA — The Kansas Revenue Department says the state collected nearly $27 million less in taxes than expected in May.
The agency reported Thursday that May’s tax collections totaled slightly more than $564 million. Economists and researchers had forecast last month that May revenues would total nearly $591 million.
Officials attributed the lower-than-expected figure to a slowing of growth in individual income tax receipts.
Still, Kansas Revenue Secretary Nick Jordan says revenues through the first 10 months of the current fiscal year totaled $5.4 billion — an increase of 8 percent over the same period a year ago.