NewsPublic Affairs / December 16, 2019

Indiana Tax Revenues Exceed Expectations In November

Indiana Tax Revenues Exceed Expectations In November

The Indiana Statehouse

FILE: 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 or follow him on Twitter at @brandonjsmith5.

At WFYI, our goal is to cover stories that matter to you. Our reporting is rooted in facts. It considers all perspectives and is available to everyone. We don't have paywalls, but we do need support. So if unbiased, trusted journalism is important to you, please join us. Donate now.



Related News

GDP Numbers Not Affected Much By Federal Aid, Shows More Is Needed
Indiana Governor Urged To Expand Mail Voting During Pandemic
Voter Advocates Sue Over Indiana's Absentee Ballot Deadline