Tax revenue misses projections again

Indiana’s new tax collections report shows state revenue was short of projections for the seventh time in the past nine months.

The report released April 8 by the State Budget Agency comes as the General Assembly faces a deadline in three weeks to finish work on a new two-year state spending plan.

The budget agency says tax collections were 1.7 percent below expectations for March, with much of that coming from a 6-percent shortfall in sales tax collections for the month.

March’s figures leave state revenue at $109 million, or 1.1 percent, below projections for the budget year that started in July. The state ended the last budget year with some $2 billion in reserves.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: IBJ is now using a new comment system. Your Disqus account will no longer work on the IBJ site. Instead, you can leave a comment on stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Past comments are not currently showing up on stories, but they will be added in the coming weeks. Please note our updated comment policy that will govern how comments are moderated.