Indiana’s revenue collections for January once again outpaced projections.
The Indiana State Budget Agency said Friday that General Fund revenues last month totaled $1.9 billion, which was 3.9% above the December 2022 forecast and 4% higher than the same month last year.
The agency said better-than-expected collections from sales tax, individual income tax, interest, insurance, and miscellaneous revenues outweighed lower-than-expected collections from corporate taxes.
Year-to-date, General Fund revenues totaled $11.6 billion, which is $91.2 million above the December forecast and 4.9% higher than the same period in the previous fiscal year.