Thursday, January 31, 2013
Kansas revenue officials say the state collected $62 million more in taxes than expected in January.
A preliminary report Thursday from the Department of Revenue says January's tax collections totaled nearly $635 million -- almost 11 percent above an official forecast for the month.
The report also says the state collected about $3.7 billion in the first seven months of the current fiscal year. That's $95 million more than officials had expected.
January's larger-than-expected collections are likely to dramatically shrink the projected $267 million gap between anticipated revenues and current spending commitments for the fiscal year that starts July 1.