State revenue collections $2.9 million above estimate for August

The state’s August collections were slightly above estimates with total tax collections at $497.2 million; $2.9 million or 0.59 percent more than the estimate, according to a news release recently from the Kansas Department of Revenue.

Those collections are also $2.8 million more than the same month in fiscal year 2019, officials said.

Statewide retail sales tax collections were $205.3 million; up 3.67 percent from the $198 million estimate. Compensating use tax collections came in at $32.6 million; $2.4 million below the estimate.

Individual income tax collections were $231.3 million. This is $6.3 million, or 2.78 percent, more than the estimate and $10.5 million more than August 2018, according to the revenue officials. Corporate income tax collections were $6.6 million; $5.4 million below the estimate.

“We continue to hold steady with the estimates,” Mark Burghart, revenue secretary, said. “I’m encouraged by both the improved sales tax collections and the stability of individual tax collections as we have now finished the second month of the fiscal year.”

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