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Monday, December 6, 2021

August Tax Collections Exceed Expectations By Nearly 2%

Kansas says it collected $8.2 million more in taxes than anticipated in August.

The state Department of Revenue reported Friday that Kansas took in more than $460 million in tax revenues when its official projection was $452 million. The surplus was 1.8 percent.

It’s similar to what happened in July. Since the state’s current budget year began July 1, its total tax collections of $914 million were about $16 million ahead of expectations. That’s also a 1.8 percent surplus over two months.

Tax collections are running more than 7 percent ahead of the previous fiscal year’s collections. Lawmakers enacted an income tax increase over Gov. Sam Brownback’s veto to help balance the budget.

Revenue Secretary Sam Williams said it’s too early to tell whether economic growth is boosting revenues.

 

 

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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