Higher than expected corporate tax refunds and lower sales and use tax collections are among the reasons officials say state revenues came in lower than projected forecasts. The Indiana State Budget Agency said general fund revenues for February totaled $786.4 million, which is $18.8 million or 2.3 percent below December 2018 revenue forecasts and $25.1 […]
State says general fund revenues higher than expected for December
Higher than expected sales and use tax collections gave a boost to Indiana’s coffers in December, according to the latest report from the State Budget Agency. The state said general fund revenues for December totaled $1,473.7 million, which is $14.5 million or 1 percent above a revised revenue forecast from Dec. 17 and $146.4 million […]
Indiana State Budget Agency reports October revenues running ahead of projections
Tax collections for the state of Indiana are running ahead of projections. The Indiana State Budget Agency said Nov. 9 that year-to-date general fund tax collections totaled $4,998.2 million through October, which is $92.1 million or 1.9 percent above the December 2017 revised revenue forecast and $243.5 million or 5.1 percent more than collections through […]
State’s August revenues fall short of projections
The Indiana State Budget Agency reported Sept. 7 that the state’s general fund revenues totaled $1.06 billion for August, down $19.6 million or 1.8 percent below estimates from a revised revenue forecast in December, but $39 million or 3.8 percent more than revenues collected in August 2017. Sales tax collections totaled $661.2 million for August, […]
State’s July revenue totals see small increase
INDIANAPOLIS – The Indiana State Budget Agency reported Aug. 10 that the state’s general fund revenues totaled $1.17 billion for July, which was $11.5 million or 1 percent above a revised revenue forecast from December. July’s total also was $19.6 million greater than the total recorded in July 2017, the state said. Sales tax collections […]