The monthly revenue report for August, along with commentary from State Budget Director Brian Bailey has been posted on the State Budget Agency webpage. The report and commentary can be found here: http://www.in.gov/sba/2659.htm. Data on August revenues can also be found on the MPH website here: http://in.gov/mph/staterevenue.html.
Results include:
· State general fund revenues for August were $1,079.1 million, which is $6.4 million (0.6%) above the estimate based on the April 16, 2015 forecast and $104.2 million (10.7%) above revenue in August 2014.
· Sales tax collections were $611.1 million for August, which is $14.9 million (2.4%) below the monthly estimate and $2.5 million (0.4%) above revenue in August 2014.
· Individual income tax collections totaled $409.3 million for the month, which is $16.4 million (4.2%) above the monthly estimate and $84.4 million (26.0%) above revenue in August 2014.
· Corporate tax collections were $5.7 million for the month, which is $5.1 million above the monthly estimate.
· Riverboat wagering collections were $11.2 million for the month, which is $0.1 million (0.7%) above the monthly estimate.
· Racino wagering collections totaled $7.4 million for the month, which is $0.3 million (4.0%) below the monthly estimate.
