Friday, September 28, 2012
The Kansas Department of Revenue says the state's tax collections in September topped expectations by $28 million.
State officials released the figures Friday, calling the unanticipated bulge in revenues a positive signal about the Kansas economy.
A revenue forecast issued earlier this year predicted that the state would receive $582 million in taxes in September. The Revenue Department says the state actually collected nearly $611 million, a difference of almost 5 percent.
The surplus in September was more than enough to wipe out a shortfall in August. For the fiscal year beginning July 1, the state is now running $16 million ahead on tax collections totaling $1.5 billion.
Revenue Secretary Nick Jordan noted that the state has reported employment growth this year.