Wichita, Kansas 2021-08-03 22:15:20 –
Topeka, Kansas (AP) — Kansas reports that July tax collection was 11% higher than expected. This is good news, even though some officials are concerned about the economy due to the epidemic of the more contagious COVID-19 delta mutant.
According to the State Department, Kansas raised nearly $ 603 million in general tax revenue last month. The official forecast was $ 543 million, so the surplus was $ 60 million.
Revenue Director Mark Berghart said consumer spending on goods and services has not slowed. But he added that sector economists are watching whether the steady increase in new COVID-19 cases with the Delta variant will have a negative impact on the economy.
Kansas sees tax collections beat expectations by 11% in July Source link Kansas sees tax collections beat expectations by 11% in July