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State revenues slightly ahead of projections

State revenues are ahead of expectations to start the new fiscal year, although not by much.

 

The Kansas Department of Revenue says monthly receipts were some $1.6 million ahead of projections. Sen. Jeff Longbine is pleased there was a surplus for the month.

Rep. Peggy Mast says "the bleed is over" after three straight months of revenues below projections.

The Revenue Department says increased withholding tax receipts helped to drive the monthly total.

The state entered fiscal 2015 with over $460 million in ending cash balances from fiscal 2014. Lawmakers have planned to spend down at least $300 million of that total before next June.

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