Kansas sees taxes fall 5.3% short of expections in November
December 2, 2022
TOPEKA, Kan. (AP) — Kansas collected 5.3% less in taxes than expected in November, the first time in more than two years that its collections have fallen short of the state's monthly target.
The shortfall was $36 million, but the state Department of Revenue's report Thursday came only three weeks after state officials and university economists revised the revenue projections to make them more optimistic.
The new fiscal forecast predicted Kansas would collect $678 million in general tax revenues in November, and it took in $642 million.
That was the first time tax collections failed to hit...