October was a good month for state revenues.
Kansas collected over $695 million, beating estimates by over 7 percent and October 2024 by over 4 percent.
Individual income tax collections were the big driver. Receipts beat estimates by over 22 percent and last year by almost 18 percent.
Results were mixed for combined retail sales and compensating use tax receipts, depending on the comparison. Receipts beat estimates by 1.2 percent but missed last year by 1.7 percent.
Corporate income tax collections were off significantly, missing estimates by 60 percent and October 2024 by 58 percent.
Governor Laura Kelly says her administration “will continue to monitor revenues and prioritize fiscal responsibility as I craft my Fiscal Year 2027 budget proposal.”
Republicans were quick to challenge the report, with House Majority Leader Dan Hawkins using a Kelly catch phrase in saying “Republicans have been laser-focused in putting money back in the pockets of Kansans” by trimming state spending. Hawkins says that approach has worked to the tune of a $100 million increase in total state receipts since July 1. Hawkins also says Kelly has been intent on expanding government and obstructing progress. in eliminating waste, fraud and abuse.
