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Indiana Revenues Top Predictions, Future Revenues Uncertain

The state collected $67 million more than predicted for the first quarter of the fiscal year.

Indiana collected $31 million more in September than its April forecast projected, the highest amount in the new fiscal year. State revenues are nearly $67 million higher than predicted for the first quarter of the fiscal year.

This marks the fifth straight month state revenues came in higher-than-anticipated.

But state budget director Adam Horst says the future does not look as bright. Though sales tax and individual income tax collections this fiscal year are much higher than the same period last year, Horst says current economic forecasts are pessimistic about growth in the national economy and that could lead to a slowdown in revenue collection.

The official revenue forecast will be updated in December.

Brandon Smith

Brandon Smith has previously worked as a reporter and anchor for KBIA Radio in Columbia, MO, and at WSPY Radio in Plano, IL as a show host, reporter, producer and anchor. Brandon graduated from the University of Missouri-Columbia with a Bachelor of Journalism in 2010, with minors in political science and history. He was born and raised in Chicago.

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