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Thu January 2, 2014
Kansas Ends 2013 With Budget Revenues On Target
Kansas ended 2013 with budget revenues on target, beating the fiscal year to date estimates by $4.3 million dollars.
The state Department of Revenue's report says Kansas' receipts were $3.3 million dollars, or almost 1 percent, more than expected.
Corporate income revenue receipts were up almost almost 7 percent-- in part because corporations made about $10 million more in payments this month compared to December 2012.
The Department of Revenue says this indicates that corporations had larger profits compared to the prior year.
December's revenue receipts do not include the holiday shopping period. That will be reflected in January's revenue receipts.
Revenue Secretary Nick Jordan says Kansas is "finishing the first half of the fiscal year meeting budget revenue expectations."