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New Kansas Revenue Numbers Coming Friday

The Kansas Statehouse. (Photo by Stephen Koranda)

Kansas officials will get a report Friday showing how the state’s tax collections for August measure up.
 
Until last fall, Kansas had been frequently missing tax collection estimates, but then tax projections were lowered again. Since then, the state has been consistently topping estimates, even after the targets were raised earlier this year.

Friday's report will be a test of the income tax increases that took effect in July, and people like House Democratic Leader Jim Ward will be watching closely.

“I think you start to see trend data," said Ward. "The bar is so low, it’s not just getting over the bar, but we’d like to see a substantial number like we had last month that shows we’re on the right track again."
 
The full impact of the tax changes may not be clear for months. Some taxpayers might not have adjusted their withholdings, meaning that money wouldn’t come to the state until the tax filing deadline in April. 

Stephen Koranda has more:


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