By Gene Meyer
January 29, 2010

(KansasReporter) TOPEKA, Kan. - Kansas tax revenues fell $18.4 million below projections in January, according to premlinary figures released Friday by the state Department of Revenue.

Shortfalls of nearly $13 million in corporate income tax collections and $3.2 million in sales tax collections overwhelmed both a $1.2 million larger than projected gain in corporate franchise taxes and some $4.2 million higher than expected income tax collections.

Altogether during January Kansas collected $503.5 million in 16 categories of taxes the Revenue Department reports each month, compared to $521.9 million originally projected.

Friday's numbers are a key part of a more formal evaluation of Kansas' January income the Kansas Legislative Research Department is expected to make within the next week. Legislators and the Governor's office will be watching those to see if the continuing shortfalls might require additional spending cuts for the fiscal year ending June 30.