Kansas' March taxes $8.6M short of expectations

KNSS News
April 03, 2020 - 5:34 am

Experts are saying the coronavirus pandemic has yet to fully hit the Kansas state budget. Tax collections fell only $8.6 million short of expectations in March. 

The state Department of Revenue reported Wednesday that tax collections last month were $523.4 million when the state projected collections of $532 million. The shortfall was only 1.6%.  The lower-than-expected revenues can be attributed largely to insurance companies paying the state tax on their premiums early. 

State officials expect job losses and a decrease in economic activity to cut into state revenues starting next month. Gov. Laura Kelly issued a statewide stay-at-home order in that is effect until April 19.

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