December 16, 2019

Indiana Tax Revenues Exceed Expectations In November

The Indiana Statehouse - FILE: Lauren Chapman/IPB News

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 bsmith@ipbs.org or follow him on Twitter at @brandonjsmith5.

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