State Budget and State Government and Government & Economic Development and Government

Indiana's monthly revenue beats expectations

January 7, 2013

Indiana took in $1.19 billion in revenue during December, beating projections by nearly 2 percent.

The figures released Monday by the State Budget Agency show state general fund revenue during the current state fiscal year have risen 3.1 over the same period last year, more than double the rate of growth needed to meet the projections issued last month. Budget Director Adam Horst says total general fund revenue through December tops the Dec. 17 forecast by $70 million.

December sales tax collections totaled $549 million, $20 million above collections for the same period last year.

Corporate income tax collections totaled $185 million for the month, $32 million above collections for the same period last year.

Riverboat and racino wagering taxes continued to fall when compared to a year ago.

ADVERTISEMENT

Recent Articles by Associated Press

Comments powered by Disqus