Indiana collected less revenue than expected last month, though revenues remained up for the first eight months of the fiscal year, officials said this week.
February’s revenue collections totaled $719 million, $29 million less than projected by mid-December revenue forecast. Sales tax collections were up by 2.2% to $499 million compared to the same period last year, officials said.
Individual income tax collections totaled $154 million, up 6.2% over the same month last year.
General fund revenues for the first eight months of the fiscal year were over expectations by $39 million, or 0.4%.
