State Revenues Miss Projections For A Third Straight Month

WBAA | By Brandon Smith

Published October 10, 2014 at 3:50 PM EDT

State tax revenues came in below expectations for the third consecutive month. That puts Indiana nearly $39 million off the mark through the first quarter of the fiscal year.

Indiana came in about $5.5 million below projected levels last month, falling short in both sales tax and individual income tax.

Yet the state notes tax revenues are growing compared to last year - they’re more than $50 million ahead of where they were in 2013 through the first three months of the fiscal year.

Sales tax and corporate tax collections are ahead of expectations in the first quarter. But individual income tax is struggling, coming in nearly $50 million short of projections.

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Brandon Smith

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.

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