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Indiana Tax Revenues Exceed Expectations In November

Lauren Chapman
/
IPB News

Indiana outperformed expectations in every major tax collection category last month.

Sales, individual and corporate income taxes all bested projections, combining to set revenues more than $50 million ahead of expected levels.

And November’s collections extended some very positive streaks. Sales taxes have been above target four of the fiscal year’s five months. Individual and corporate income taxes have exceeded expectations in all five months. And together, they help put Indiana nearly $200 million ahead of its budget plan.

READ MORE: Hoosiers Bet $147 Million On Sports In November

State fiscal analysts will deliver an updated set of revenue projections Friday.

Contact Brandon at bsmith@ipbs.org or follow him on Twitter at @brandonjsmith5.

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Brandon Smith is excited to be working for public radio in Indiana. He has previously worked in public radio as a reporter and anchor in mid-Missouri for KBIA Radio out of Columbia. Prior to that, he worked for WSPY Radio in Plano, Illinois as a show host, reporter, producer and anchor. His first job in radio was in another state capitol, in Jefferson City, Missouri, as a reporter for three radio stations around Missouri. 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.