NewsPublic Affairs / February 8, 2017

State Tax Collections Just Short Of Expectations In January

Indiana's January tax collections dipped just below expected levels for the first time in three months.revenue report, tax collections2017-02-08T00:00:00-05:00
Original story from   IPBS-RJC

Article origination IPBS-RJC
State Tax Collections Just Short Of Expectations In January

The State Budget Agency offices at the Statehouse.

Brandon Smith/IPB News

Indiana's January tax collections dipped just below expected levels for the first time in three months.

The state took in half a million dollars less than anticipated in January. That’s the fifth time in seven months – of the current fiscal year – the state didn’t meet expectations.

Still, Indiana’s collections are about $35 million ahead of projections through the entire fiscal year, and individual income and sales tax collections are performing better than predicted.

Only corporate income taxes lag behind expectations, about $41 million off the mark through the fiscal year’s seven months.

 

 

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