Kansas’ tax receipts again overshot projections.
On Friday, Kansas Governor Laura Kelly said the September tax receipts were over $876 million, over 20 percent — almost $148 million — ahead of September 2020 and almost 23 percent or $162 million above projections.
At just under $407 million, individual income taxes were nearly $52 million better than Sept. 2020 and over $48 million better than expected. Corporate income tax receipts also did well at $145.3 million, over $85 million more than projected and up almost $56 million from last year. Retail sales tax collections were over $225 million, surpassing expectations by $15 million, and compensating use tax receipts were almost $61 million, above estimates by $15 million.
Kelly says she is pleased with the “promising” revenue growth. She also says the state needs to maintain “fiscally-responsible policies to support our growing economy.”
