State Revenue Misses Projections in July
INDIANAPOLIS - State revenue in July was more than $22 million below the most recent forecast. The Indiana State Budget Agency says last month's total of nearly $1.2 billion is more than 8 percent higher than the same month in 2016.
The General Fund revenue totals missed projections by nearly 2 percent. The estimates, which are the first for the new fiscal year, are based on the revenue forecast from April.
Sales tax collections were slightly below the monthly estimate at 0.1 percent. Individual income tax collections, corporate tax collections, riverboat wagering collections and racino wagering collections were also all below estimates in July.
You can connect to more about the July report by clicking here.