IndianaLocalNews

Indiana’s bank accounts continue to prosper

Image by S K from Pixabay

Indiana’s bank accounts continue to prosper.

The Indiana State Budget Agency says General Fund revenues totaled nearly $1.4 billion in October, which was 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 the key drivers in the “better-than-expected performance.”

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

 

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