DALLAS — Kansas revenues continued below projections in the second month of the fiscal year, according to the state Department of Revenue.
At $418 million, revenues for August were $30 million or 6.8% below projections, according to the Sept. 1 report.
Corporate and individual income tax receipts for August were short of estimates mostly because of unexpected refunds, officials said.
State sales tax receipts grew 3.9% compared to the same month last year but were still $3.2 million short of expectations. Use tax receipts were $2.4 million more than expected.
"The state paid out $22.3 million in unanticipated refunds in the corporate and individual income tax categories for August, which brought down the overall total," said Revenue Secretary Nick Jordan. "Other areas showed positive growth including withholding, which was 6.7% more than expected, and state sales tax receipts that showed a 3.9% growth over 2014 after tax law changes were factored in."
Revenue sources - corporate franchise fee, insurance premiums, interest, net transfers, agency earnings and miscellaneous - collected by agencies other than the Department of Revenue brought the total $415 million receipts collected by the state to $6.4 million or 1.5% below estimates for the month.
For the 2016 fiscal year to date with all revenue sources included, the state is $10.8 million below the anticipated $834 million, or 1.3%. In July, the first month of the fiscal year, revenues were $3.7 million below projections.
