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Revenue in Indiana Down Compared to 2012

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Revenue for the state of Indiana failed to meet expectations during the first third of this budget year. From the July through October period, income tax revenue came in four-point-nine percent less than during the same period a year ago, totaling 76-point-six million dollars and the corporate tax revenue and riverboat wagering tax revenue were down about twice what was anticipated. Overall state revenue was down one-point-five percent compared to last year, at 64-point-five million.
On the bright side, October revenue came in at nine-million dollars above what was forecast, totaling one-point-zero-five billion, but that is still down three-point-three percent from what was taken in in October of 2012.


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