Kansas collected more in taxes than expected in July

The the longest positive streak in fifty years

August 01, 2018 - 7:00 pm

Kansas is reporting that it collected $11 million more in taxes in July than anticipated to make it the longest streak of better-than-expected revenues in at least 50 years.

The state Department of Revenue reported Wednesday that tax collections were $499 million last month. The state's official forecast had predicted $488 million in taxes.

The monthly surplus was 2.35%.

It was the 14th consecutive month that tax collections have been better than forecast. An AP spreadsheet compiled from monthly reports shows that the state hasn't seen a streak that long since at least February 1968.

The state ended its 2018 budget year on June 30 with more than $7 billion in tax collections and exceeded expectations by $318 million. The annual surplus was 4.7%.

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