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.