State officials reported Indiana’s projected monthly revenues for November are where they should be.
The pandemic-fed economic slowdown is taking a toll on Indiana state government tax collections.
The pandemic which led to stay-at-home orders and reduced business activity led to reduced tax collections in April and now calls for cuts in state spending.
Revenues for the state of Indiana were ahead of projections in February, driven by better than expected sales tax and gaming tax collections.
Higher than expected monthly collections from sales and use, corporate and gaming taxes translated to more revenue for the state of Indiana.
The State Budget Agency recently reported that Indiana’s general fund year-to-date general fund collections through August totaled $2,243.2 million.