Indiana revenue collections tick up, but miss projections

Back to TopCommentsE-mailPrintBookmark and Share

Indiana revenue collections rose 1 percent in May compared with the same month last year, but they still came in $83 million less than projected in the budget passed last year.

The State Budget Agency said Thursday that collections through 11 months of the current fiscal year stand about $1 billion below the budget passed by the General Assembly in June 2009.

Gov. Mitch Daniels has cut hundreds of millions of dollars from that budget, so part of that gap has been offset. But Budget Director Chris Ruhl said, despite efforts to curb spending, the state's reserves were again drawn down this month.

Much or all of the state's surplus is expected to be depleted by the time the budget expires June 30, 2011, if the economic recovery doesn't strengthen.


Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ