Uncategorized State revenue above target for second month in a row

State revenue above target for second month in a row

SHARE

According to a State Budget Agency report released today, state revenue came in $119 million above the April monthly target. This is the second month in a row that revenues have been above target. Even more important, the state’s fiscal year-to-date bottom line is now $55M above forecast*.

A few interesting points from this month’s report:

  • For the first time since October, sales tax revenue was above the target – by $24M.
  • This marks the first time in 17 months that Indiana’s monthly revenues were higher than they were one year prior.

Want more details? The April 2010 State Revenue Report is available on the State Budget Agency’s website.

(* as revised in December 2009)