Alva Review-Courier -

By JOHN HANNA
AP Political Writer 

Ripple from federal overhaul: Kansas sees $75M tax surplus

 

January 3, 2018



TOPEKA, Kan. (AP) — Kansas collected $75 million more in taxes than anticipated in December, and state officials said Tuesday the big surplus is tied to how Congress overhauled federal income tax laws.

The state Department of Revenue reported that Kansas collected $711 million in taxes last month, when its official fiscal forecast predicted $636 million, for a monthly surplus of 11.8 percent. It was the seventh consecutive month that tax collections have exceeded expectations.

Many legislators have been hoping that stronger-than-expected growth in revenues would help them in meeting a sta...



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