The monthly revenue report for March, along with commentary from Budget Director Brian Bailey, has been posted on the State Budget Agency webpage. The report can be found here: http://www.in.gov/sba/2631.htm. Data on March revenues can also be found on the MPH website here: http://in.gov/mph/staterevenue.html.

Results include:

• State general fund revenues for March were $1,037.2 million, which is $18.1 million (1.7 percent) below the estimate based on the Dec. 18, 2014 revised forecast and $10.7 million (1.0 percent) above revenue in March 2014.
• Sales tax collections were $530.6 million for March, which is $33.7 million (6.0 percent) below the monthly estimate and $9.0 million (1.7 percent) above revenue in March 2014.
• Individual income tax collections totaled $333.6 million for the month, which is $1.5 million (0.5 percent) above the revised monthly estimate and $3.1 million (0.9 percent) above revenue in March 2014.
• Corporate tax collections were $90.2 million for the month, which is $28.8 million (46.9 percent) above the revised monthly estimate.
• Riverboat wagering collections were $38.3 million for March, which is $2.6 million (6.4 percent) below the revised monthly estimate.
• Racino wagering collections totaled $11.0 million for the month, which is $0.5 million (4.7 percent) below the revised monthly estimate.

Over the first three quarters of fiscal year 2015, total state general fund revenues were $10,074.6 million, which is $109.2 million (1.1 percent) below the estimates based on the Dec. 18, 2014 forecast but $278.5 million (2.8 percent) above collections over the same period a year ago.

Sales tax collections through the first three quarters of fiscal year 2015 were $2.8 million (0.1 percent) below the revised estimate but $281.4 million (5.5 percent) above collections through the same period a year ago.

Individual income tax collections through the first three quarters of fiscal year 2015 have grown by $130.3 million (4.0 percent) the same period a year ago but were $130.1 million (3.7 percent) below the revised estimate year to date.

Corporate tax collections through the first three quarters of fiscal year 2015 were $6.4 million (1.2 percent) below collections the same period a year ago but were $36.6 million (7.4 percent) above the revised estimate year to date.

Source: Indiana State Budget Agency; Inside INdiana Business