State ends 2013 budget year on high note

Posted 10 months ago

By Post Staff

(AP) — A new report shows Kansas collected nearly $87 million more in taxes than expected in the fiscal year that ended June 30.Screen Shot 2013-07-05 at 2.50.03 PM

The state Revenue Department said Friday that tax collections totaled about $6.2 billion in the 2013 fiscal year, nearly $160 million more than in the previous year.

Collections in June were $567 million, about $25 million more than expected.

New laws enacted last year reduced the state’s personal income tax rates and eliminated taxes on roughly 191,000 businesses in certain categories.

The Legislature approved more tax cuts in its latest session.