State revenue less than expected so far this fiscal year

What matters most about Kansas’ tax revenue is how it compares with the official projections – which are what lawmakers use to create the state budget. But when the revenue comes in below those estimates, as it did last month, the Kansas Department of Revenue tends to focus on how the revenue is higher than it was the previous year. “Kansas economy shows signs of growth compared to one year ago,” the headline on the department’s news release said, before noting how tax receipts for August were $14.9 million less than expected. A press release about the May numbers touted how “revenue receipts show that the Kansas economy continues to improve,” though revenue was $27 million less than the projections. So far this fiscal year, which began in July, tax revenue is about $12.2 million less than projections.