Kansas revenues exceed expectations for 18th month in a row

(AP) — Tax collections in Kansas exceeded the state’s expectations in January for the 18th month in a row and created a 14.5% surplus for the month. The state Department of Revenue reported Tuesday that Kansas collected nearly $945 million in taxes last month when the official forecast had predicted $825 million. The difference was almost $120 million. Since the current 2022 budget year began July 1, the state’s tax collections have been 4% above expectations with a surplus of $203 million. The state has collected more than $5.2 billion over the past seven months when it anticipated taking in about $5 billion.