For January 2022, Kansas tax revenue was 18.7 percent greater than January 2021 and up 6.1 percent from December 2021.
Tax reports from the State of Kansas for January 2022 show tax revenues rising from the previous month and greater than the same month the prior year.
When reporting on Kansas tax collections, the comparison is usually to the estimated tax collections. Those estimates are revised based on economic conditions affected by the response to the pandemic. To get a feel for the effects of the response to the pandemic, we should compare to the same month the prior year. (The estimated revenue figures are still important because the state bases the budget on them. If the actual revenue is much below the estimated revenue, there may not be enough income to pay expenses.)
For January 2022, individual income tax collections were $542.2 million, up by 18.4 percent from last January. Retail sales tax collections rose by 14.9 percent to $258.1 million from last January. Total tax collections were $944.5 million, up 18.7 percent from last January. A nearby table summarizes. (Click charts and tables for larger versions.)
For fiscal year 2022, which started on July 1, 2021, total tax collections are higher by 5.2 percent over the same period of the previous fiscal year.
The pandemic, or rather the response to the pandemic, produced a drop in tax revenue in 2020. This chart shows that revenue has recovered. Since August, revenue has been rising consistently and is above the trendline of the past five years. That difference is widening. (These figures are not adjusted for inflation.)
I have updated my interactive visualization of Kansas tax revenue with this data. Click here to use it.
As of this writing, the governor has not issued a press release for this news. The report from Kansas Legislative Research Department is available on this page.
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