November’s tax collections continued the state’s ongoing trend of surpassing both expectations and year-to-year comparisons.
Kansas Governor Laura Kelly announced the November total was almost $627 million, almost $19 million more than estimates and $70 million more than November 2020.
For the first time in months, individual income taxes were under expectations — this time by about $4.6 million — but the state says that was because of remittance due dates. That category was still over $13 million above last year.
Other categories were strong. Corporate income tax collections were over $5 million above estimates and $8.5 million above last year. Sales and use tax collections and compensating use tax collections were also well above both estimates and year-to-year revenues.
Besides the revenue totals, Governor Kelly was pleased with another number: business investment dollars.
Kelly says the state had nearly $3.7 billion in business investments so far this year, easily besting the prior record of $2.5 billion set last year. She says the investment amount demonstrates the benefits of the state’s focus on fully funding public schools, bolstering infrastructure and protecting access to health care.
