Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowTax revenue collections for Indiana's state government were up in March for the first time in more than a year.
Tax collections in March totaled $908 million, or $7 million more than for the same month last year. Revenue was $2 million
above a May 2009 budget forecast and $48 million above a December 2009 revised forecast.
It marked the first time in 17 months that monthly revenue collections exceeded the same period in the prior year. But year-to-date
collections remain $867 million below a budget forecast last May. Lawmakers used that forecast as a basis for the current
two-year spending plan.
Gov. Mitch Daniels has cut hundreds of millions of dollars in spending from that budget.