Kansas revenues beat projections for the fourth month in a row, the Kansas Department of Revenue announced March 1. The state collected $28.4 million more in February 2017 than it did the year before.
“I am pleased to see continuing growth in withholdings and individual income taxes this month. Month-to-month sales tax have increased 2.4 percent and is a hopeful sign that Kansans’ income growth mean they have more money to spend,” said Secretary of Revenue Sam Williams.
The added revenue shrinks a projected $330 million budget shortfall.
Last month, the Sunflower State collected a total of $331.5 million. Of that, $86.1 million came in the form of individual income taxes, and $167.6 million flowed to the state through sales taxes. The monthly total marked $36.9 million more than projected.
State officials changed the way the state projects revenue last year. Since then, Kansas has consistently met or exceeded revenue expectations.
Kansas collections are up for the fiscal year. At this time last year, the state had collected $3.7 billion. This year, total collections are at $3.8 billion.