Tax Collections Positive Through Three Quarters Of Fiscal Year

Indiana’s total collected revenue last month was 0.02 percent above projections – putting the state about $170 million ahead of target through nine months of the current fiscal year.

Last month saw the fourth consecutive month of better-than-predicted sales tax collections – that comes after a 10-month streak of poor performances.

And with three months to go in the fiscal year, all three primary tax collections exceed forecasted expectations: sales, corporate and individual income taxes.

Lawmakers will receive an updated revenue forecast next week as they finalize a new two-year state budget.