Kansas Revenue Secretary Nick Jordan says June’s tax collections missed estimates by $28 million, pushing the shortfall for the fiscal year that ended Monday to nearly $338 million.
Preliminary figures released Monday showed Kansas collecting nearly $5.5 billion in taxes and fees in fiscal 2014. Forecasters whose projections help the state build its annual budget had expected Kansas to take in about $5.8 billion during the year.
It could be well into next year before the state of Kansas hands over the final payment for a new vehicle registration system.
The state is withholding 10 percent of the payment to Minnesota-based 3M after a systems upgrade was plagued with problems. Secretary of Revenue Nick Jordan said they've worked through the major issues.