Give Now

Indiana Tax Revenue Meets Predictions After Shortfall

December tax collections were more than $40 million above target.

statehouse in snow

Photo: Bill Shaw

Tax collections were below predictions for the first five months of the fiscal year.

Indiana tax revenues are finally back in line with expectations after months of falling short of projections.

For the first five months of the fiscal year that began in July, Indiana was evaluating the performance of its revenue collections based on its April forecast, and the state did terribly, coming in more than $140 million short.

That prompted Governor Mike Pence to cut the budgets of state agencies and universities.

The revenue projections were revised last month to reflect slightly less optimism about the state’s economic growth. After last month’s revenue collections, the state’s revenues for the first half of the fiscal year are right at expectations.

December tax collections were more than $40 million above target, boosted in large part by strong individual income tax collections.

Brandon Smith, IPBS

Brandon Smith, IPBS 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.

View all posts by this author »

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Support For Indiana Public Media Comes From

Search News

Stay Connected

RSS e-mail itunes Facebook Twitter Flickr YouTube

Follow us on Twitter

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Recent Stories

Recent Videos

Find Us on Facebook