Indiana state tax collections take May dip

Back to TopCommentsE-mailPrintBookmark and Share

Indiana's tax collections fell in May, but state budget officials say the decline had been expected following April's unusually high tax revenue.

May's state tax revenue came in $143 million below projections, according to the Journal Gazette of Fort Wayne. That comes after April's revenue was up about $159 million due to faster-than-usual tax returns processing.

With one month remaining in the current fiscal year, state tax revenues are below projections by two-tenths of 1 percent, or about $25 million. June is the second-largest month of the year in terms of tax collections.

Revenues are running nearly $200 million ahead of planned spending in the state's budget.


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:
thisissue1-092914.jpg 092914

Subscribe to IBJ