INDIANAPOLIS, Ind. (WOWO): The Hoosier State has once again beat revenue projections. The Indiana State Budget Agency tells Inside Indiana Business that General Fund revenues for March totaled more than $1.4 billion, which was 13% higher than the December 2021 forecast and 26% higher than the same month last year.
In its commentary, the agency said “notably, better than expected collections from sales, individual income, corporate, and gaming taxes, as well as miscellaneous revenues came in above monthly estimates and are driving this month’s better than expected performance.” Year-to-date, General Fund revenues are more than $368 million above the December 2021 and more than $750 million above revenues through the same period in the prior fiscal year.
2 comments
Time to get rid of County Property taxes!! This proves there are other ways of funding, and no need force someone out of a house they have been paying on their whole life.
Get rid of Property taxes!!!… its the single best thing lawmakers can do for Hoosiers!!
Yes, Property taxes are very bad. Property taxes are especially destructive to the elderly or retired on limited income. OR get rid of the Income Tax. OR get rid of the gas tax! Other states have done this. Go to Florida. They do not lack for infrastructure. Years ago one could buy a front license plate that said:
INDIANA
Land of Taxes.
It hasn’t gotten much better over the years has it?
OR the increased revenue is from the federal COVID relief funds that Dopey Prince Eric the Chinless of Brandonville sucked up over the last two years by keeping the “emergency” proclamations in force…………..