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State Revenue Collections Met Projections In August

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Jim Grey
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https://www.flickr.com/photos/mobilene/

Indiana tax collections in August inched just ahead of projections two months into the new fiscal year. 

Indiana collected about $6 million more in taxes last month than expected, putting the Hoosier State right on par with projections for the entire year – just $300,000 better than predicted. 

Both individual and corporate income tax collections performed better than expected last month while sales tax figures dipped, about $15 million off the mark. 

Hoosiers are watching monthly revenue performance a little closer this fiscal year; Governor Mike Pence has said that if collections perform at or better than expectations, the state could pay off its entire federal unemployment insurance loan earlier – a move that, if done by November, could save business owners more than $300 million next year.

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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