Kansas taxes nearly $39M more than anticipated in December

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 Kansas collected nearly $39 million more in taxes than expected in December.

The state Department of Revenue reported Thursday that the state took in nearly $757 million in taxes last month. The official prediction for tax collections was $718 million, and the surplus was 5.4%.

Tax collections have exceeded expectations for 11 months in a row and in 30 of the 31 months dating back to June 2017.

The state has collected nearly $3.6 billion in taxes since the current budget year began July 1. That’s $51 million more than anticipated for a surplus of 1.4%.

Tax collections are better than expected even though state officials and university economists issued a new and more optimistic fiscal forecast in November.

The new forecast increased projected tax collections for the current fiscal year by $207 million, or 2.8%. The forecast predicts that the state will take in $7.7 billion in taxes for the full budget year.

Tax collections during the current budget year are running about 5.7% ahead of collections for the previous one.

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