Chesterton Tribune                                                                                   Adv.

State revenues more than expected

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INDIANAPOLIS (AP) — Indiana revenues grew last month compared to a year ago and came in higher than projected in December.

The Times of Munster reports Indiana took in $977 million in March, up $69 million, or 8 percent, from the same month a year ago and $32 million more than the forecast.

Individual income taxes had the highest percentage growth over a year ago, bringing in $334 million, nearly 17 percent more than in March 2010.

Sales taxes remained the state’s greatest revenue source, bringing in $484 million, about $24 million more, or 5.1 percent higher, than a year ago.

Indiana Budget Director Adam Horst says sales tax collections have increased year-over-year for 13 consecutive months.

 

 

Posted 4/8/2011

 

 

 

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