Thursday, March 5:
The monthly revenue report for February, along with commentary from Budget Director Brian Bailey, has been posted on the State Budget Agency webpage. The report can be found here: http://www.in.gov/sba/2631.htm. Data on February revenues can also be found on the MPH website here: http://in.gov/mph/staterevenue.html.
Results include:
- State general fund revenues for February were $745.4 million, which is $1.9 million (0.3%) below the estimate based on the December 18, 2014 revised forecast and $37.0 million (5.2%) above revenue in February 2014.
- Sales tax collections were $535.6 million for February, which is $19.2 million (3.5%) below the monthly estimate and $23.6 million (4.6%) above revenue in February 2014.
- Individual income tax collections totaled $124.1 million for the month, which is $6.6 million (5.1%) below the revised monthly estimate and $3.2 million (2.6%) above revenue in February 2014.
- Corporate tax collections were $7.8 million for the month, which is $20.7 million (159.9%) above the revised monthly estimate.
- Riverboat wagering collections were $33.2 million for February, which is $0.3 million (1.0%) above the revised monthly estimate.
- Racino wagering collections totaled $9.8 million for the month, which is $0.3 million (2.7%) below the revised monthly estimate.
