Revenue

Indiana continues to struggle in its new fiscal year as revenues came in below expectations in August.

Total state tax collections came in about $18 million off the mark in August. That puts the state more than $40 million behind projections this fiscal year.

Sales and corporate tax revenues continue to struggle. Corporate taxes in particular suffered last month, $31 million less than expected, which is about 700 percent below target.

Noah Coffey / https://www.flickr.com/photos/noahwesley/

State revenues are still falling short of projections, three months into the fiscal year.

Revenue numbers released Friday show Indiana earned nearly $26 million less in sales tax than it expected in September.

Those revenues have fallen short of expectations for 19 of the past 21 months.

City of Frankfort

It’s fair to say Frankfort Mayor Chris McBarnes was a little taken aback this week when an auditor declared his city was on the course to a structural budget deficit in the next few years.

Now that the mayor has had a couple days to digest those findings, we ask him whether there’s really a problem with the computations or whether, if he wins a second term, he might have to make some hard choices.

Purdue Athletics

On this, a cold wintry day, it’s sometimes helpful to think warm thoughts -- unless the toasty item in question is the proverbial “hot seat” some sports coaches seem to find themselves on following less-than-successful season.

On this edition of WBAA’s Off The Field, we’ll ask Purdue athletics director Morgan Burke if such a thing even exists, or if it’s a media creation designed to spur debate on shows like this one.

Tippecanoe County is again facing potential cutbacks.

Auditor Jennifer Weston is projecting 2013 revenue of just over $38-million, but believes that will fall short of expenditures.

Tax revenue last month in Indiana is less than what was projected in December, but better than a year ago.

The state brought in $719-million in February which is $29-million less than what was forecast three months ago.

However, the figure is $3-million more than what the state received at the same time in 2011.

February marks the eighth month of the fiscal year.  It is traditionally the month with the lowest collections because of the amount of tax refunds paid to Hoosiers.