Indiana Revenues Up But Forecasters Cautious About Future Receipts

by Rick Howlett on October 5, 2011

Indiana’s budget picture continued improving last month as the state collected $31 million more in taxes than forecast for September.

Indiana Budget Director Adam Horst says the state’s improved revenue haul is due largely to improved sales tax and corporate income tax collections.

The state collected $67 million more than anticipated in the first quarter of the fiscal year.

The official revenue forecast will be updated in December, but Horst cautioned that current economic forecasts for the national economy are more pessimistic than those used for the April projections.

(Information for this story came from the Associated Press)

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