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August's revenue improved upon July's as the Braun administration closely watches the monthly reports.
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Indiana began its new fiscal year largely matching expectations, as the state brought in about $17 million more in revenue in July than the budget plan projected.
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A proposed southside Indy data center qualifies for tax exemptions. Is it worth the cost?
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Indiana collected $51.2 million less in taxes last month than even the recent, very pessimistic revenue forecast projected it would.
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Three months into the fiscal year, Indiana has already collected about $65 million more than it needs for its state budget plan.
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Monthly tax collections show no sign of cooling off based on the state budget plan as Indiana heads into the final month of its fiscal year.
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Indiana tax collections came in below projections last month, for the first time in more than a year. But state budget expert says that missed projection is mostly a timing issue.
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Less than a quarter into its new fiscal year, Indiana has already collected hundreds of millions more in taxes than expected.
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With just two months left in the current fiscal year, Indiana is on pace for budget reserves that could top $6 billion.
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In just the last three months, Indiana brought in $1.2 billion more than lawmakers expected.