Kansas tax revenue in December surpasses estimate by $64 million

Supercharged revenue collections in December by the state Department of Revenue exceeded the monthly estimate by $64 million to expand the cash cushion available for tax reductions or spending investments by the 2022 Legislature and Gov. Laura Kelly. In the initial six months of the current fiscal year, the state treasury in Kansas deposited $4.28 billion from sources ranging from income and sales assessments to taxes on oil, tobacco and liquor. That has resulted in an unexpected mid-year addition of $83 million to the state treasury beyond the bullish estimate most recently updated in November.
Source: Cowley CourierTraveler