Indianapolis, In. — General Fund revenues in Indiana declined 1.8 percent based on a forecast made in December of 2017, but is still 3.8 percent above August 2017 collections.
Sales tax collections increased by 1.1 percent above the monthly estimate and totaled $661.2 million. August 2018 sales tax revenue beat numbers from one year ago by 5 percent.
Individual income tax collections are below the monthly estimate by 8.6 percent, and down from August of 2017 by 1.2 percent.
Corporate tax collections were down compared to the forecast but beat August 2017 by $7.7 million or 29.2 percent.
Riverboat wagering exceeded expectations, while Racino wagering collections did meet the forecast and was significantly down from August of 2017.
