TOPEKA, Kan. (AP) - Kansas revenue officials say the state slightly exceeded revenue estimates in December.
The Kansas Department of Revenue said Tuesday tax collections in December were nearly $531 million, exceeding revenue estimates by about $6 million, or about 1 percent. Combined with higher than expected revenues in November, the state’s budget shortfall in the current fiscal year is now about $342 million.
The new numbers come after state officials drastically reduced the revenue forecasts in November.
The biggest gains in December were in individual income taxes, which came in $2.2 million, or nearly 5 percent, above the official estimates. They were nearly 7 percent higher than in December 2015.
Acting Revenue Secretary Sam Williams says he hopes the new numbers indicate improved purchasing power in the agriculture and oil and gas sectors.
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