Indiana revenue has continued to not only surpass expectations for the year, but also last year’s earnings. Photo by Indiana Chamber of Commerce.

News Release

INDIANAPOLIS — Indiana revenue collections have exceeded recent projections for the third month in a row. The Indiana State Budget Agency reported that General Fund revenues in February were over $1. 3 billion, 7.8% and $90 million higher than December’s financial forecast.

February’s collections were also higher than last February’s by 17.9%.

Higher-than-expected collections, the agency said, were greater than lower-than-expected collections from interest revenues and sales tax.

Corporate tax collections, racino and riverboat wagering collections also surpassed February projections.

Revenues of the year to date total $13.4 billion, 1% above than the same period last year and $150 million higher than December’s predictions.

The full February revenue report can be read online.