Kansas Tax Revenue Surges: April Collections Exceed Estimates with a 9.6% Year-on-Year Increase

By Trish Svoboda

Governor Laura Kelly announced that the total tax revenue for April amounted to $1.42 billion. This figure surpasses the monthly forecast by $101 million, representing a 7.7% increase. Compared to April 2023, the total tax collections have seen a rise of 9.6%.

In April 2024, the collections from individual income tax reached $740.3 million. This is an increase of $91.0 million, or 14.0%, over the projected figure, and a significant 24.7% rise from April 2023.

Corporate income tax collections for the previous month stood at $338.2 million, exceeding estimates by $6.3 million, or 1.9%. However, this represents a 4.5% decrease from the same period last year.

The combined receipts from retail sales and compensating use tax were $295.1 million. This is $3.1 million, or 1.1%, more than the estimated figure, but it’s down by $13.5 million, or 4.4%, compared to April 2023.

On April 19, the Consensus Revenue Estimating group met to revise estimates for fiscal years 2024 and 2025.

Sign up for the KCLY Digital Newspaper, The Regional