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July State Revenues Below Target

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Indiana tax revenues for last month came in below projections. Total revenue for July, which marks the first month of the fiscal year, was one-point-oh-four-billion, 14-million dollars, or one-point-four-percent, less than the state forecast. The state's budget director noted the figure was lower in part due to a percentage of sales tax dollars being redirected to the Motor Vehicle Highway Fund, as directed by the budget bill approved in this year's legislative session.
Link to commentary from Budget Director Brian Bailey::
http://www.ai.org/sba/files/revreport_july2013_commentary.pdf
Link to report:
http://www.ai.org/sba/files/revreport_july2013.pdf


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