Indiana collects nearly $1 billion more in April than budget expected

Indiana collected practically $1 billion extra in taxes final month than the state funds projected.

With simply two months left within the present fiscal yr, that places Indiana on tempo for funds reserves that might prime $6 billion. And April marks the primary time ever the state has collected greater than $3 billion in taxes in a single month.

April’s eye-popping income collections was led solely by an enormous surge in particular person earnings taxes.

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In a press release, Home Democrats stated Indiana is well-positioned for “transformational investments” within the upcoming funds session subsequent yr.

The Democrats’ fiscal chief, Rep. Greg Porter (D-Indianapolis), stated Republicans have practiced “sheepish frugality.” He cited wants for assist with fuel costs, training investments and inexpensive housing.

Contact reporter Brandon at bsmith@ipbs.org or comply with him on Twitter at @brandonjsmith5.

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