INDIANAPOLIS – General fund collections for the state would have been $2.3 million more than projected for the month of September – that is if a software glitch hadn’t kept the state from processing about $86 million in incoming revenue.
The state’s new software should work like an ATM where it reads and deposits incoming checks. Instead, according to Micah Vincent, director of office of management and budget for the state, last month the system “kicked it to a manual process where persons had to read the checks.”
“That money which should have been part of September will be part of October officially,” said Vincent.
Approximately 50,000 of more than 120,000 were put in a manual queue.
Taxpayers will not be affected. The state said in a release “all payments have been identified and deposited.”
Without including the $86.3 million (which will show up in October’s numbers) the revenue is as follows:
- State general fund – $1,342.6 million ($84 million below estimate)
- State sales tax — $606 million ($24 million below estimate)
- Individual income tax – $437 million ($52.6 million below estimate)
- Corporate tax – $192 million ($9.8 million below estimate)
- Riverboat wagering – $19.2 million ($0.3 million below estimate)
- Racino wagering – $7.8 million ($0.1 million above estimate)
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