Through the first quarter of the fiscal year, state revenues remain well ahead of the most recent forecast. And Governor Mitch Daniels says Indiana could be headed for another surplus.
The state collected $23 million more than anticipated last month, nearly 2% ahead of projections. And through September, total revenue collected this fiscal year has increased more than 5%. The last fiscal year ended with a surplus in excess of $700 million, triggering the state’s automatic taxpayer refund.
Daniels says the state is ahead of where it needs to be for another big year.