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.