Kansas ends 2013 on target
Special to The Hays Daily News
TOPEKA -- Kansas ended 2013 with budget revenues on target Tuesday, beating the fiscal year to date estimates by $4.3 million.
December revenue receipts were $3.3 million, or approximately 1 percent, more than expected.
"We are finishing the first half of the fiscal year meeting budget revenue expectations," said Revenue Secretary Nick Jordan.
Corporate income revenue receipts were up $4.4 million for December, or approximately 7 percent, in part because of nearly $10 million more in estimated payments made in this month compared to December 2012 which indicates corporations had larger profits compared to the prior year.
December's revenue receipts do not include the holiday shopping period. That will be reflected in January's revenue receipts.