State Revenue Totals Rise Slightly

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INDIANAPOLIS -

The State Budget Agency reports July revenue totals outpaced expectations by $11.5 million. General Fund revenues last month were $1.17 billion, which is nearly 2 percent higher than the same period last year. The monthly revenue totals were offset by a net loss in corporate tax collections the state says was caused by factors including higher refunds and non-resident partnership withholdings being categorized under individual income instead of corporate income.

The revenue forecast was last revised in December 2017.

Other figures in the report include: sales tax collections were $679.6 million in July, which is lower than expected, but nearly four percent higher than a year ago; corporate tax collections totaled negative $3.5 million last month; riverboat and racino wagering collection both increased in July.

You can connect to more about the monthly revenue report by clicking here and see the data by clicking here.

  • Perspectives

    • #MeToo, Bullying And What We All Can Do Now

      Indeed, it is an interesting time with so much continuing to come out in Hollywood, the media, other industries, and even our state government related to the sexual harassment of women - women who have remained silent for years. Like those women, I too have been harassed in various ways over the course of my career, even in recent years - and yes, even in top leadership roles. The headline about my departure or the email citing that I was moving on never fully told the real story.

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