State Revenue Shows Mixed Results
INDIANAPOLIS - Indiana revenue exceeded the most recent projections in July, but not by much. The Indiana State Budget Agency reports General Fund revenues totaled more than $1.1 billion last month, 0.7 percent higher than the revised revenue forecast in April. But it’s $43 million, or 3.7 percent, below revenue during the same month last year.
Sales tax collections were below both the monthly estimate and July 2018 figures. ISBA says individual income tax collections and corporate tax collections were both higher than estimates.
Riverboat waging collections were below projections while racino wagering, a combination of horse race and casino betting, were above projections.
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