State Revenue Falls Short

Many committees will begin meeting this month.

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State revenue in October was nearly $30 million below the most recent forecast. The Indiana State Budget Agency says last month’s total of nearly $1.2 billion is slightly above the same month in 2016.

The General Fund revenue totals missed projections by 2.5 percent. The estimates are based on the revenue forecast from April 2017.

Sales tax collections and individual income tax collections were 1 percent and 0.4 percent above the monthly estimate in October, respectively. Corporate tax collections, riverboat wagering collections and racino wagering collections were all below estimates.

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