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Emporia, KS
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Light rain with thunder
Humidity: 93 %
Wind : WSW at 5 mph

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State revenues flat for August

Tax revenues were a bit short of expected for the state with the August report now in.

 

Revenue receipts were flat, meaning the totals were about $4 million short of projections. For the fiscal year to date -- July and August -- overall tax revenues are short of projections by $2.4 million.

Individual income taxes were short of estimates, but the Department of Revenue says the state actually collected over $10 million more than it did in that category for August 2013 even with the tax rate dipping from 6.3 to 6.15 percent. Sales taxes also beat estimates by $1.6 million.

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