It may seem hard to believe that Kansas can collect $1 billion in tax revenues for a month and have that figure fall below expectations, but that’s what happened last month.
The state’s monthly tax revenue was $3.4 million lower than projections, or 0.3 percent. They were also down nearly 2 percent from a year ago.
Individual income tax revenue beat estimates by nearly 6 percent, but that was more than offset by down numbers in corporate income tax revenues, which were short of goal by 15 percent. Combined retail sales and compensating use tax receipts beat estimates by nearly 2 percent.
Of the three main categories, only individual income tax collections beat September 2024 numbers, doing so by almost 3 percent. Corporate income tax revenues were down 12.5 percent since last year. Combined retail sales and compensating use tax receipts were 1.1 percent lower than a year ago.
