TOPEKA – Kansas finished the first quarter of the fiscal year with $27 million more than predicted on Friday.
The first quarter’s numbers are 4 percent more than estimates for the year and almost 8 percent more than receipts in fiscal year 2011’s first quarter. September’s receipts continued a six month trend of positive revenue growth with the state $66.2 million ahead of estimates for the fiscal year, or 4.8 percent.
“While we’ve had six months of an upward swing, we are still mindful that the economy is still in a fragile state and more than 100,000 Kansans are still struggling and out of work,” said Revenue Secretary Nick Jordan. “Now is not the time to detour from the focus on increasing job and personal income that the governor set out in his Road Map for Kansas.”
Individual income tax receipts continued to show growth ending 5.8 percent, or $15 million, more than estimates. Within that figure, withholding taxes increased 9 percent and estimated taxes grew 12 percent.
State sales and use tax receipts also continued their growth trend with sales tax up $6.1 million and use tax up $169,000.