State Revenue Beats Projections

The state is reporting $1.84 billion in general fund collections for April.

Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now

This audio file is brought to you by

0:00

0:00

Loading audio file, please wait.

Speed
1.00

• 0.25
• 0.50
• 0.75
• 1.00
• 1.25
• 1.50
• 1.75
• 2.00

State revenue in December was $8.5 million above the most recent forecast. The Indiana State Budget Agency says last month’s total of more than $1.3 billion is more than $20 million above the same month in 2016.

The General Fund revenue totals beat projects by 0.6 percent. The estimates are based on the revenue forecast, which was most recently adjusted last month.

Individual income tax collections, corporate tax collections and riverboat wagering collections were 2.8 percent, 0.7 percent and 4.5 percent above the monthly estimate in December, respectively. Sales tax collections and racino wagering collections were both below estimates.

You can connect to more about the December report by clicking here.