From the Evansville Courier & Press:
Indiana’s tax collections for January through March exceeded what forecasters had projected — but just barely.
For the three months, Indiana took in $4.5 million more than was predicted in a revenue forecast that was revised in December. Over the first nine months of the fiscal year, the state is $74.4 million ahead of that forecast.
The revenue numbers are positive news for
Gov. Mike Pence, who is pushing the General Assembly to enact an individual income tax cut that lawmakers have suggested would be far less likely if the state’s financial shape worsened.
The state’s total tax collections so far in fiscal year 2013 are 2 percent ahead of this point in fiscal year 2012, said Chris Atkins, Pence’s state budget director.
Indiana’s revenue numbers have fluctuated wildly over the first three months of 2013 — a fact that Atkins attributed to the Internal Revenue Service slowly processing taxes that were filed in January.
In January, Indiana took in $106 million more than expected. In February, though, the state collected $21.6 less than predicted, and in March, Indiana fell $80 million short of projections.
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http://www.courierpress.com/news/2013/apr/05/30pt-hed1-10-hed1-10-inches-p/
