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________________________________________________________________________
*For Immediate Release: *
March 3, 2025
*Contact: *
Grace Hoge
[email protected]
Governor Kelly Announces February
Total Tax Collections Surpass Estimate
by $121.9M
*
TOPEKA* – The State of Kansas ends February 2025 with total tax collections at $548.2 million. That is $121.9 million, or 28.6%, above the estimate. Total tax collections are up 5.1% from February 2024.
“While our tax collections this month highlight the strength of Kansas' economy, we must continue to exercise caution and uphold fiscal responsibility to ensure long-term financial stability and prosperity for all Kansans,” *Governor Laura Kelly said.*
Individual income tax collections were $239.4 million. That is $149.4 million, or 166.0% above the estimate, and up 37.9% from February 2024. Corporate income tax collections were $16.3 million. That is $3.7 million, or 18.7% below the estimate, and down 22.8% from February 2024.
Combined retail sales and compensating use tax receipts were $247.1 million, which is $1.1 million, or 0.4% above the estimate, and down $5.5 million, or 2.2%, from February 2024.
Click here [ [link removed] ] to view the February 2025 revenue numbers.
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