Kansas state officials reported more tax revenue was collected than expected over the past month, indicating a growing economy and improved profit margins for businesses. September total tax receipts were $876.5 million, beating the estimate by $162.2 million, or 22.7%. The revenues also beat September 2020 collections by $147.6 million, or 20.2%. “Our tax collection numbers continue to show promising growth,” Gov. Laura Kelly said in a Friday news release. “In the months ahead, we must maintain fiscally-responsible policies to strengthen our growing economy.” The additional revenue was primarily due to individual and corporate income tax collections, as well as retail sales taxes.
Source: Dodge Globe
