State’s September tax collections fall short of forecasts
The state says delays in income tax payment processing contributed to September revenues missing forecasts.
Indiana State Budget Office
Indiana revenues running ahead of projections
Strong performance from sales, individual income and corporate taxes translated to Indiana’s August tax collections coming in higher than projected.
Indiana February revenue up 11% when compared to same month last year
Better than expected collections from individual income and corporate taxes were among the reasons for Indiana’s strong revenue performance in February.
Indiana tax collections for July come in ahead of spring estimates
General fund revenues for July totaled $1,334.9 million, which is $65.2 million or 5.1% above estimates based on revenue forecasts in April, the state said.
Delayed income tax payments give state revenue boost
Deferred income tax payments from April and June gave the state’s general revenue fund a boost.
State reports general fund revenues running ahead of last year’s pace
General fund revenues for September totaled $1,709.7 million, which is $91.1 million or 5.6% above revised revenue forecasts from April and $101.9 million or 6.3% above revenue when compared to September 2018.