Kansas faces $15 million drop in tax revenue in December

Photo courtesy of Creative Commons
Photo courtesy of Creative Commons

Tax revenue keeps getting tighter in Kansas, as a new report shows disappointing figures for the month of December and raises more questions about Gov. Sam Brownback’s aggressive tax cut.

The Kansas Department of Revenue reported Kansas collected $15 million less in tax revenue in December than anticipated. The department said the figures come from lower-than-expected corporate income tax collections, which fell nearly $20 million below estimates, settling at $56 million. Individual income taxes came in $8.2 million above evaluations.

In November, the state cut revenue estimates for the rest of the fiscal year, suggesting a $279 million gap for the year that ends June 30. The state Department of Labor also reported earlier in December that 4,400 fewer Kansans were employed in private-sector, non-farm jobs in November than in the same period last year.

Read more in The Kansas City Star

 


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