State Revenue Collections Fall Slightly Short

State Revenue Collections Fall Slightly Short

By Abdul Hakim-Shabazz

The State Budget Agency is reporting that revenue collections for July fell slightly short of estimated projections.

The Agency says general fund revenues for July were $1.04 billion, which is $6.1 million (0.6%) below the estimate based on the April 16, 2015 forecast and $1.1 million (0.1%) below revenue in July 2014.

In addition, sales tax collections were $614.3 million for July, which is $31.2 million (4.8%) below the monthly estimate and $11.4 million (1.8%) below revenue in July 2014. Individual income tax collections totaled $349.4 million for the month, which is $35.2 million (11.2%) above the monthly estimate …read more

Via: http://indypolitics.org/2015/08/10/state-revenue-collections-fall-slightly-short/

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