Kansas revenue figures fall $5.8 million below expectations in May

Kansas revenue numbers again fell below expectations for the month of May, the Kansas Department of Revenue announced Friday.

Overall tax receipts were $5.8 million lower than expected, Kansas Department of Revenue spokeswoman Jeannine Koranda said in a news release. Koranda cited weak corporate income and sales tax receipts “which reflected a downward national trend.”

The state pulled in $9.5 million less than expected from sales and tax use receipts and $3.3 million less than expected from corporate income taxes, the revenue department said.

Individual tax receipts topped expectations for May by $12.2 million, Koranda said, and were $135.6 million more than in May 2014.

“I’m pleased to see individual income performing so well for the month of May,” Revenue Secretary Nick Jordan said in the news release.

Koranda said that despite the lower-than-expected corporate income tax receipts, the state collected $25.6 million more this month than in May of last year.

2 Responses

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