State Revenue Continues to Beat Expectations

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

State revenue in February surpassed the most recent forecast by nearly $30 million. The Indiana State Budget Agency says last month’s total of $811.6 million is more than $13 million above the same month in 2017.

The General Fund revenue totals beat projections by 3.8 percent. The estimates are based on the revenue forecast, which was most recently adjusted in December. 

The SBA says sales tax, individual income tax, riverboat wagering and racino wagering collections all exceeded projections. Only corporate tax collections fell short in February, totaling $7 million for the month, down nearly 132 percent below the monthly estimate.

Year-to-date General Fund collections totaled $9.5 billion, which is 1.2 percent above the latest forecast. You can connect to more about the February report by clicking here.