09/24/2026
We recently released our Indiana state quarterly revenue update.
As of August 2026, fiscal year 2027 year-to-date revenues totaled $3,477.5 million, which is $46.3 million (1.4%) above the December 2025 revenue forecast and $309.8 million (9.8%) above revenues at the same date a year prior. Sales and use tax remains the primary source of state revenue, accounting for 56.6% of total revenues to date for the current fiscal year. In second place is individual income taxes, at 33.8% of all state revenue collected. Already in the first two months of the fiscal year, revenue collections have exceeded forecast projections. A positive (growth) revenue forecast in December 2026 could push the state’s structural surplus past even the existing FY 2027 reserve projections of $5 billion.
Read more at https://indianafiscal.org/page-1665722