Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowFor the third consecutive month, Indiana’s revenue collections have exceeded the most recent projections.
The Indiana State Budget Agency said Friday that General Fund revenue in February totaled more than $1.3 billion, which was $94 million higher than the December 2024 forecast, or 7.8%.
Last month’s collections were also 17.9% higher than the same month in 2024.
The agency noted that higher-than-expected collections from income tax revenue outweighed lower-than-expected collections from sales tax and interest revenue.
Corporate tax collections, riverboat wagering collections, and racino wagering collections also surpassed projections for February.
Year-to-date, General Fund revenues have totaled $13.4 billion, which is $150 million above the December 2024 forecast and 1% higher than the same period in the previous fiscal year.
The full February 2025 revenue report is available by clicking here.
Please enable JavaScript to view this content.