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Kansas Revenues for March Top Estimate by $40 Million

 

TOPEKA, Kan. (AP) — Kansas revenue collections surged in March on strong gains in corporate and personal income taxes, beating expectations for the month by about $40 million or roughly 10 percent.  The Kansas Department of Revenue says the state collected nearly $432 million in March. The figure pushed total revenue for the first nine months of the fiscal year to $72 million above expectations.  The agency says corporate tax collections in March were $21.5 million more than expected. Individual income tax payments topped official projections by $14.6 million.  Sales tax collections came in at nearly $2.3 million more than expected.  Revenue Secretary Nick Jordan says the collections indicate the Kansas economy is improving.

Stephen Koranda is KPR's Statehouse reporter.