State tax revenue up for first time in over a year

Tax revenue collections for Indiana's state government were up in March for the first time in more than a year.

Tax collections in March totaled $908 million, or $7 million more than for the same month last year. Revenue was $2 million
above a May 2009 budget forecast and $48 million above a December 2009 revised forecast.

It marked the first time in 17 months that monthly revenue collections exceeded the same period in the prior year. But year-to-date
collections remain $867 million below a budget forecast last May. Lawmakers used that forecast as a basis for the current
two-year spending plan.

Gov. Mitch Daniels has cut hundreds of millions of dollars in spending from that budget.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our updated comment policy that will govern how comments are moderated.

{{ articles_remaining }}
Free {{ article_text }} Remaining
{{ articles_remaining }}
Free {{ article_text }} Remaining Article limit resets on
{{ count_down }}