IndianaLocalNews

Indiana continues to beat most recent revenue projections

(Photo supplied/State of Indiana)

Indiana continues to beat the most recent revenue projections.

The Indiana State Budget Agency says General Fund revenues for February totaled more than $1.1 billion, which was nearly 13.6% higher than the Dec. 2021 forecast and 11% higher than the same month last year.

The agency says the increased revenue was driven largely by better collections from individual income taxes and corporate taxes.

Those collections outweighed collections from sales taxes, gaming taxes and others.

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