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State Revenue Beats Projections For Another Round Of Recently Recorded Numbers
Tuesday, September 13, 2022

INDIANAPOLIS, IN - Indiana once again surpassed the most recent revenue projections in August. 

The Indiana State Budget Agency says General Fund revenues last month totaled more than $1.5 billion, which was 9% higher than the December 2021 forecast and more than 12% higher than the same month last year.

The agency says that is better-than-expected collections from individual income tax, sales tax, and corporate taxes, as well as well as interest and miscellaneous revenues all drove the numbers for August.

Reports indicate that Riverboat wagering tax collections were below projections, but racino wagering collections surpassed the monthly estimate.

At present, General Fund revenues totaled just over $3 billion. The recent figure is roughly $200 million over the December forecast, which is nearly 12% higher than the same period last year.



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