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*For Immediate Release: *
August 4, 2022
*Contact: *
Cassie Nichols
[email protected]
ICYMI: Kansas Reports Tax Revenue Above Expectations for 24th Consecutive Month
*"
KEY QUOTE: "*"“That represents more money our state can use to continue fully funding our schools, improving our roads, investing in law enforcement, and expanding health care,” *Governor Kelly said.*"
*Kansas reports tax revenue above expectations for 24th consecutive month [ [link removed] ]
**"Noah Taborda | Kansas Reflector"*
August 1, 2022
* Kansas brought in $127.6 million more in tax receipts than expected in July, for an estimated total of about $586 million collected.
* Gov. Laura Kelly touted the 24th consecutive month during which Kansas topped expectations as an example of the state’s economic successes.
* The revenue report [ [link removed] ] indicated higher-than-expected corporate tax receipts, reflecting optimism that corporate profits will remain stable, *Kelly said.* Corporate income tax collections were $36.6 million, or 66.4%, over the estimate.
* Tax collections for individual income tax were $300.5 million, 15.6% more than expected, and retail sales tax receipts were $174.2 million. Compensating use tax collections were $53 million.
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