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Thursday, May 28, 2020

Kansas tax collections down in December, up nearly $200 million for the year

Sports Headlines

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Derek Nesterhttp://sunflowerstateradiocom.wordpress.com
Derek Nester was born and raised in Blue Rapids, and graduated from Valley Heights High School in May of 2000. He attended Cowley College in Arkansas City and Johnson County Community College in Overland Park studying Journalism & Media Communications. After stops at KFRM and KCLY radio in Clay Center, he joined KNDY in 2002 as a board operator and play by play announcer. Derek is now responsible for the digital content of Dierking Communications, Inc. six radio stations. In 2005 Derek joined the staff of KCFX radio in Kansas City as a production coordinator for the Kansas City Chiefs Radio Network, which airs on over 94 radio stations across 12 Midwest states and growing. In 2018 he became the Studio Coordinator at the Cumulus Kansas City broadcast center for Kansas City Chiefs Football.

Fiscal year tax collections have exceeded previous year’s totals by $195.73 million according to data from the latest revenue report released Wednesday, according to a media release from the Kansas Department of Revenue.

Fiscal year 2019 tax collections so far total $3.39 billion, exceeding current estimates by $13.06 million.

December tax collections were down $24.24 million, or 3.41 percent below last December. December’s tax collections exceeded expectations for the month by $10.59 million.

Individual income tax collections in December totaled $291.52 million which is $43.85 million or 13.07 percent below the same time last year. Corporation income tax collections in December totaled $69.61 million which is $22.61 million above current expectations and $29.47 million above the same time last year. December sales tax collections fell short of last December’s collections by $1.97 million.

Kansas Headlines

Launch of NASA’s SpaceX Demo-2 Rescheduled for Saturday, May 30

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Kansas News Service

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