INDIANAPOLIS, Ind. (WOWO): The State of Indiana brought in about $78-million less than expected last month, but that’s still not entirely bad news.
The Indiana State Budget Agency says the $1.8-billion the state did bring in was about 1% higher than April 2016.
Year-to-date, collections are about $35-million below the state’s April 2017 revenue forecast. Even so, collections are up overall, $334-million more than the same period of time the prior year.
Corporate tax collections were more than 33% higher than the monthly estimate, while sales tax collections were up slightly as well, but individual income tax collections were down.
We’ve got a link to the full budget report here.