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The Hoosier bank account continues to prosper

Image by S K from Pixabay

The state of Indiana’s bank accounts continue to prosper.

The Indiana State Budget Agency says the General Fund revenues have totaled nearly $1.4 billion last month. That’s more than 11% higher than the April 2021 revenue forecast, and nearly 15% higher than the same month last year.

Collections from sales tax, individual income tax, corporate adjusted gross income tax and riverboat wagering tax were key drivers.

Year-to-date, the General Fund revenues is nearly $565 million above the April 2021 forecast.

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