The State of Kansas continues to see revenue growth over the same month of the last fiscal year. October’s total tax receipts were $596.6 million, an 11.7 percent or $62.6 million increase over the estimate. That is 7.9 percent or $43.6 million, more than October of Fiscal Year 2020. “As the COVID-19 pandemic continues to impact Kansans and threaten our state’s economic uncertainty, Congress must pass an economic relief bill,” Governor Laura Kelly said. “While the positive revenue trends are encouraging, the future of this revenue growth will be tied to the support we get from Washington and to every Kansas community using the tools we know work to slow the spread of COVID-19.” Individual income tax collections were $283.6 million, a 9.1% percent or $23.6 million, increase from the estimate. That is 9.1 percent or $23.6 million, more than collected in October of FY 2020. Corporate income tax collections were 74.0 percent, or $11.1 million, more than estimated with $26.1 million collected.
Source: Gardner News
