December tax revenues top target

Indiana took in $22 million more in tax dollars in December than a revenue forecast updated just three weeks ago had projected, according to the latest data released Monday by the State Budget Agency.

Over the month, the state topped the forecast by 1.9 percent, and topped the previous December’s tax collections by 2.1 percent. A good deal of the growth came through sales taxes, which beat the previous year by $20 million.

“Through the first six months of FY 2013, state general fund revenues have increased 3.1 percent, more than double the rate needed to meet the most recent forecast (1.5 percent). Total general fund revenues are now $70 million ahead of the Dec. 17, 2012 forecast,” writes outgoing State Budget Director Adam Horst in his commentary that accompanied the revenue report.