![Budget authors Sen. Luke Kenley (R-Noblesville), left, and Rep. Tim Brown (R-Crawfordsville), right, will receive a new revenue forecast before finalizing the budget. - Brandon Smith/IPB](/files/wfyi/articles/current/luke-kenley-and-tim-brown-1024x683.jpg)
Budget authors Sen. Luke Kenley (R-Noblesville), left, and Rep. Tim Brown (R-Crawfordsville), right, will receive a new revenue forecast before finalizing the budget.
Brandon Smith/IPBIndiana’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.