INDIANAPOLIS, Ind. (WOWO):  Indiana’s revenue collections outpaced projections in December.  The Indiana State Budget Agency released their latest report this past Friday and say that General Fund revenues last month totaled just under $2 billion, which was 13.3% higher than the updated December 2023 forecast and 16.7% higher than the same month last year.

The agency also says that collections from individual taxes came in above the monthly estimate.  Individual income tax collections totaled $768 million last month, which was $232 million above projections and $228 million above December 2022. Sales tax collections were 0.3% below the monthly estimate.

You can find the latest state revenue report here.