The Indiana State Budget Agency released its monthly revenue report for March state tax collections Wednesday. Total revenue collections came in at $977 million, which is above the revenue forecasts made in December, but below the anticipated amount in the budget passed in 2009.
Budget Agency Director Adam Horst said while the state still has a way to go, the March revenue report is encouraging.
“We fell a long way. Our revenues dropped considerably over a couple of years. We’re starting to bounce back. So each month that we can continue to bounce back is just another positive in the right direction,” said Horst.
The state will also update its revenue forecast on April 15th, and if the state ends up with more money than expected, South Bend Senator John Broden said the budget should give that money to schools.
“So they did undergo a cut last year and we don’t want to do that two years in a row, so I would strongly advocate for those monies going to our public schools,” said Broden.
Budget author Jeff Espich said schools are his number one priority.