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Thursday, January 27, 2022

Kansas Tops June Revenue Projection By Over 13 Percent

Kansas says it collected $72 million more in taxes than anticipated in June.

The Department of Revenue reported Monday that the state took in $609 million in taxes last month. That’s 13.5 percent more than the official projection of $537 million.

It was the last month of the state’s 2017 fiscal year. Tax collections for the 12-month period exceeded $5.8 billion. Through May, tax collections had been in line with estimates.

Revenue Secretary Sam Williams said unemployment is low and wages appear to have grown.

Lawmakers had expected to end the 2017 fiscal year with cash reserves of $50 million after they approved internal borrowing and some other moves to close a projected budget shortfall.

Legislators increased income taxes to help balance the budget for fiscal 2018 and 2019.

 

Derek Nesterhttps://sunflowerstateradio.com
Derek Nester was born and raised in Blue Rapids and graduated from Valley Heights High School in 2000. He attended Cowley College in Arkansas City and Johnson County Community College in Overland Park studying Journalism & Media Communications. In 2002 Derek joined Taylor Communications, Inc. in Salina, Kansas working in digital media for 550 AM KFRM and 100.9 FM KCLY. Following that stop, he joined Dierking Communications, Inc. stations KNDY AM & FM as a board operator and fill-in sports play-by-play announcer. Starting in 2005 Derek joined the Kansas City Chiefs Radio Network as a Studio Coordinator at 101 The Fox in Kansas City, a role he would serve for 15 years culminating in the Super Bowl LIV Championship game broadcast. In 2021 he moved to Audacy, formerly known as Entercom Communications, Inc. and 106.5 The Wolf and 610 Sports Radio, the new flagship stations of the Kansas City Chiefs Radio Network, the largest radio network in the NFL. Through all of this, Derek continues to serve as the Digital Media Director for Sunflower State Radio, the digital and social media operations of Dierking Communications, Inc. and the 6 radio stations it owns and operates across Kansas.

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