Indiana Collects Nearly $1 Billion More In April Than Expected
By: Sheila McCrea -
Tuesday, May 17, 2022
Indiana collected nearly $1 billion more in taxes last month than the state budget projected.
With just two months left in the current fiscal year, that puts Indiana on pace for budget reserves that could top $6 billion. April marks the first time ever the state has collected more than $3 billion in taxes in a single month.
April’s eye-popping revenue collections was led entirely by a huge surge in individual income taxes.
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