Indiana took in more revenue than expected in January

Back to TopCommentsE-mailPrintBookmark and Share

Indiana said Wednesday that it it took in $41 million more than expected in January. So far this fiscal year, collections are ahead of the state's forecast by $78 million, or 1.1 percent.

State Budget Agency Director Adam Horst said state tax collections have now increased on a year-over-year basis for 11 consecutive months. Horst said January was the first month in state history when sales tax collections exceeded $600 million in a single month.

Individual income tax collections for the month were 15 percent above the same period last year.

Exceeding predicted revenues is good news for lawmakers using those projections to create a new two-year state budget.

Revenues fell far below projections after lawmakers passed the last budget, and Gov. Mitch Daniels cut millions from state agencies, public schools and universities.


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