Wednesday, October 19, 2016

Kansas tax revenues below expectations again - Jason Tidd, KStateCollegian

Kansas tax revenue was $45 million short of the expectations for September. According to the tax receipts from the Kansas Division of the Budget, the individual income tax revenue was short $14 million and the corporate income tax revenue was short $18 million. Sales tax revenue was $9 million short. For the fiscal year, which only began three months ago, the state is $69 million short on tax revenue expectations. The tax revenues were short $10.5 million in August. When February tax revenues were $53 million short, Gov. Sam Brownback cut higher education budgets by $17 million. This resulted in a nearly $5 million cut to Kansas State. Afterward, the university increased student tuition by 5 percent.

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