Kansas officials boost projected tax collections by $540M - KCTV5 News

Kansas officials boost projected tax collections by $540M

Posted: Updated:
(File photo) (File photo)

TOPEKA, Kan. (AP) - Kansas officials have issued a new fiscal forecast that boosts projected tax collections by a total of $540 million through June 2019.

Republican Gov. Jeff Colyer's budget director and Senate Democratic Leader Anthony Hensley of Topeka said Friday that the higher revenue projections mean that the state can afford a public school funding plan passed by lawmakers earlier this month.

But Republican Senate President Susan Wagle of Wichita immediately called for income tax cuts.

The new forecast predicts that Kansas will collect $6.7 billion in taxes during the current budget year. That's almost $226 million than predicted under a forecast issued in November.

Forecasters predict the state will collect $6.9 billion in taxes during the budget year beginning in July. That's almost $315 million more than previously predicted.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly
KCTV 5 News

Online Public File:
KCTV  KSMO

Powered by WorldNow CNN
All content © 2018, KCTV; Kansas City, MO. (A Meredith Corporation Station) . All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.