Indiana Monthly Revenue Report

The monthly revenue report for July has been posted on the State Budget Agency webpage. The report can be found here: http://www.in.gov/sba/2659.htm. Data on July revenues can also be found on the MPH website here: http://in.gov/mph/staterevenue.html.

Results include:

• State general fund revenues for July were $1,041.8 million, which is $6.1 million (0.6%) below the estimate based on the April 16, 2015 forecast and $1.1 million (0.1%) below revenue in July 2014.
• Sales tax collections were $614.3 million for July, which is $31.2 million (4.8%) below the monthly estimate and $11.4 million (1.8%) below revenue in July 2014.
• Individual income tax collections totaled $349.4 million for the month, which is $35.2 million (11.2%) above the monthly estimate and $8.7 million (2.6%) above revenue in July 2014.
• Corporate tax collections were $10.9 million for the month, which is $16.7 million (60.5%) below the monthly estimate.
• Riverboat wagering collections were $0.4 million for July, which is $0.5 million (56.8%) below the monthly estimate.
• Racino wagering collections totaled $10.1 million for the month, which is $1.4 million (16.1%) above the monthly estimate.