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Indiana Revenue Down In August

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Money

 

Indiana revenue was down in August according to a new state report.

The State Budget Agency said Indiana's general fund revenue fell about 5 percent below the latest target.

Individual income tax collections were about 12 percent below forecast and about 1 percent below August 2012.

Corporate income taxes beat the target and rose 36 percent over last year's levels.

The report says revenue from gambling was about 7 percent above target.

Sales tax collections were below forecast, but higher than last year's.

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