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Kansas Economy Shows Signs Of Growth Compared To One Year Ago

TOPEKA – August revenue receipts fell short of expectations Friday, but the state’s overall trend shows the Kansas economy has grown since August 2011.

Receipts were $14.9 million less, or 3.3 percent, than expected for the month – mostly due to flat individual income tax receipts. The state also began paying down state debt in the form of bond payments.

Other parts of the Kansas economy continued to show growth. State sales tax receipts were $6.4 million more than expected, or 3.5 percent.

The state also collected almost $23.6 million more than it had by August 2011.

“While we see signs that the Kansas economy is becoming stronger, the numbers this month show why we cannot stop working to grow economic development and create more private sector jobs,” said Revenue Secretary Nick Jordan.

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