From Mary Beth Schneider of the Indianapolis Star:
Indiana’s tax collections continue to rebound as the March revenue report showed the state has now collected $115 million more for the first nine months of fiscal year 2011 than had been expected.
The report, released this morning by the State Budget Agency, showed that sales tax collections have now increased on a year-over-year basis for 13 consecutive months. In March, sales tax collections totaled $484 million. That’s 5.1 percent more than the same period last year and 0.5 percent more than had been forecast in December.
Individual income taxes also were up by 16.9 percent over the same period last year and 3 percent more than had been forecast.