Give Now

Pence Says Revenue Report Shows Progress

The March revenue report for Indiana shows improvement from February, but it doesn't make up for previous months' revenues that have fallen below predictions.

Indiana revenue collections performed better than expected last month, but March’s revenues weren’t enough for the state to climb out of its hole.

State tax revenues were $14 million above target last month, with individual income taxes providing a significant boost.  But Indiana is still $75 million short of projected revenue levels for the entire fiscal year, with corporate taxes the lone bright spot, more than $70 million better than expected.

Still, Governor Mike Pence preaches confidence, saying the fundamentals of the Indiana economy remain strong.

“That’s why you’re seeing businesses around the state expanding, businesses from out of state are investing in Indiana, and I remain confident that as Indiana’s economy continues to expand – some 50,000 net new jobs last year – that we’ll be able to see the revenues of our state government grow,” Pence said.

Pence says he expects to end the fiscal year with a surplus of $100 million.  The governor previously asked state agencies and universities to revert more money back to the state’s coffers at the end of the fiscal year.

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 Business & Economy Stories

Recent Videos

Find Us on Facebook