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State Tax Collections On Par With Projections Halfway Through Fiscal Year

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Last month’s state tax collections edged above projected levels as Indiana began the second half of its fiscal year. 

Indiana tax revenues have come in just below expectations for most of the fiscal year. 

But in January, collections through seven months of the fiscal year topped projections by about $7 million.  Collections in almost all tax categories last month were near their targets – sales tax came in just above predicted levels, individual income tax and gaming taxes were just off the mark. 

Only corporate taxes are an outlier – the state expected very few collections because of tax refunds, but ended up taking in about $24 million more than expected -- which is more than 1,200-percent above target.  

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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