Kansas revenue beats projections again
By Emily Fetsch
Oct. 7, 2020
Kansas has finished its first quarter of the new fiscal year and, in September, has continued to exceed projections. Total September receipts ($710.6 million) were $82 million above the estimate ($628.6 million). For the first quarter, total receipts ($2.16 billion) were $131.2 million above the estimate ($2.02 billion).
Like previous months, individual income and corporate taxes were above estimates. In addition, sales tax revenue has outpaced estimates, particularly compensating use taxes (out-of-state purchases).
As mentioned last month, while actual revenue exceeding estimated revenue is positive, Kansas Action for Children remains concerned about an upcoming budget shortfall. We will continue to monitor monthly revenue numbers, while advocating for a federal bill that provides direct aid to states. Without such a bill, state lawmakers will face incredibly difficult choices when they return to the statehouse in 2021.< Back to the news list