Indiana July tax collections come in 5.1% above projections
Better-than-expected sales tax collections contributed to higher-than-estimated revenues for the state of Indiana.
Better-than-expected sales tax collections contributed to higher-than-estimated revenues for the state of Indiana.
The State Budget Agency reported general fund revenues for April totaled $3.3 billion.
Better than expected collections from sales, corporate and gaming taxes translated to strong revenue performance for the state in March.
Better than expected collections from sales and individual income taxes translated to strong revenue performance for Indiana government in December.
The Indiana State Budget Agency reported November general fund revenues were 6.2% above April 15 estimates.
Higher than expected tax collections across several categories all contributed to a strong revenue month for Indiana.
The Indiana State Budget Agency reported general fund revenues for April totaled $2,230.4 million, which is $92.9 million or 4.3% above state estimates for the month.
The State Budget Agency reported general fund revenues for March totaled $1,161.3 million, which was $29.4 million or 2.6% above the Dec. 16 estimate.
Better than expected collections from sales taxes, income and corporate taxes contributed to Indiana exceeding revenue projections for January.
The state of Indiana brought in more tax revenue in December than it originally projected.