The monthly revenue report for April, 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. Charts visualizing revenue data are located on the Management and Performance Hub under the State Tax Revenue section: http://www.in.gov/mph/staterevenue.html.

Results

• General Fund collections for April totaled $1,841.0 million, which is $39.3 million (2.1%) below the monthly estimate and $65.7 million (3.4%) below April 2015 revenue.
• Sales tax collections totaled $609.0 million for April, which is $24.0 million (3.8%) below the monthly estimate but $10.1 million (1.7%) above revenue in April 2015.
• Individual income tax collections totaled $860.5 million for April, which is $59.4 million (6.5%) below the monthly estimate and $69.2 million (7.4%) below revenue in April 2015.
• Corporate tax collections totaled $247.8 million for April, which is $43.6 million (21.3%) above the monthly estimate but $2.7 million (1.1%) below revenue in April 2015.
• Riverboat wagering collections totaled $37.4 million for April, which is $0.7 million (1.8%) below the monthly estimate and $5.9 million (13.5%) below revenue in April 2015.
• Racino wagering collections totaled $9.9 million for April, which is $0.3 million (2.9%) below the monthly estimate and $2.0 million (16.8%) below revenue in April 2015.

Commentary

Year-to-date General Fund collections totaled $11,951.7 million, which is $2.8 million (0.0%) below estimate, and $29.6 million (0.2%) below collections for the same period last year.

Sales tax collections through ten months of fiscal year 2016 were $94.2 million (1.5%) below estimate and $21.3million (0.4%) above collections through ten months of fiscal year 2015.

Individual income tax collections through ten months of fiscal year 2016 are $19.4 million (0.4%) below collections over the same period a year ago and were $13.4 million (0.3%) above the year-to-date estimate.

Corporate collections ten months into fiscal year 2016 were $51.5 million (6.6%) below year-to-date collections of fiscal year 2015 and $42.4 million (6.2%) above the year-to-date estimate.

1) Governor Pence Names Geoffrey G. Slaughter to Indiana Supreme Court // May 9, 2016. Governor Mike Pence names Geoffrey G. Slaughter as the 109^th Justice to the Indiana Supreme Court at a press conference in the Governor’s Office alongside his wife, Julie Ann. Mr. Slaughter will fill the vacancy left by Justice Brent Dickson, who, after 30 years on the bench, retired on April 29.

2) Governor Pence, Lt. Governor Holcomb Break Ground at Grand Design RV in North Central Indiana // May 12, 2016. Governor Mike Pence and Lt. Governor Eric Holcomb break ground at Grand Design RV in Middlebury, marking its latest expansion, which is expected to create up to 100 new jobs. Grand Design RV will invest $11 million to construct two 110,000-square-foot buildings on its recently purchased 48-acre plot. One facility will be used to manufacture the company’s Imagine trailer, while the other will be an inspection and service center. Both facilities are slated to be completed this fall.

3) Governor Pence, North Central Indiana Break Ground on Regional Cities Initiative Project // May 12, 2016. Governor Mike Pence and Lieutenant Governor Eric Holcomb join regional leaders in South Bend to break ground on the Studebaker Factory Buildings redevelopment, which is one of the region’s marquee projects outlined in its “Innovate Indiana” plan submitted for state funding through the Indiana Regional Cities Initiative.

 
Indianapolis – Governor Mike Pence issued the following statement  regarding new guidelines issued by the Obama Administration regarding bathrooms in public schools:
“I have long believed that education is a state and local function. Policies regarding the security and privacy of students in our schools should be in the hands of Hoosier parents and local schools, not bureaucrats in Washington, DC. The federal government has no business getting involved in issues of this nature. I am confident that parents, teachers and administrators will continue to resolve these matters without federal mandates and in a manner that reflects the common sense and compassion of our state.”