Revenue collections in July totaled $437.5 million, up 16% from July 2010, the Kansas Department of Revenue said last week. Collections topped expectations by $23.3 million.

It was the fourth straight month of year-to-year monthly increases, Revenue Secretary Nick Jordan said, and the fourth month in a row that collections exceeded the official estimate.

July is the beginning of the state’s fiscal year.

 “The numbers show that the Kansas economy, propelled by our small businesses, is continuing on a growth trajectory,” Jordan said. “The hard work of Kansas citizens and businesses is moving us in the right direction, and now state government must keep striving for greater fiscal responsibility and efficiency as well as continuing to build our ending fund balances.”

The state’s individual income tax collections, the largest single tax revenue source, totaled $200.6 million.

The monthly intake was $21.6 million more than projected, and $22.4 million more than collected in July 2010.

Sales tax receipts of $183.7 million in July were $38 million more than anticipated.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.