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Kansas Tax Collections Exceeded Expectation in July

Kansas Statehouse (Photo by J. Schafer)

TOPEKA, Kan. (AP) — Kansas is reporting that its tax collections were slightly higher than expected in July.  The Department of Revenue said Thursday that the state collected $496 million in taxes last month when its official revenue forecast predicted $494 million. The $2 million difference was a surplus of 0.4%.  It was the first month of the state's 2020 budget year. During the 2019 budget year, the state's tax collections of almost $7.5 billion were $191 million more than expected, for a surplus of 2.6%.  Tax collections have exceeded expectations 25 of the past 26 months.  But the new budget year is getting off to a slightly slower start than the 2019 budget year.  The state collected $499 million in taxes in July 2018, or almost $3 million more than last month.

 

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