State revenues did slightly better than break even in the final full month of the Pence administration.

On Friday, the outgoing Pence administration released the following numbers…

General Fund revenues for December totaled $1,307.2 million, which is $5.6 million (0.4%) above estimate based on the December 15, 2016 forecast, and $23.1 million (1.8%) above revenue in December 2015.

  • Sales tax collections totaled $612.1 million for December, which is $11.1 million (1.9%) above the monthly estimate and $25.0 million (4.2%) above revenue in December 2015.
  • Individual income tax collections totaled $403.2 million for December, which is $4.8 million (1.2%) below the monthly estimate but $13.5 million (3.5%) above revenue in December 2015.
  • Corporate tax collections totaled $167.4 million for December, which is $10.5 million (6.7%) above the monthly estimate and $1.4 million (0.8%) above revenue in December 2015.
  • Riverboat wagering collections totaled $27.4 million for December, which is $0.9 million (3.5%) above the monthly estimate but $3.4 million (10.9%) below revenue in December 2015.
  • Racino wagering collections totaled $8.6 million for December, which is $0.3 million (3.6%) above the monthly estimate but $0.4 million (4.2%) below revenue in December 2015.

Year-to-date General Fund collections totaled $7,068.2 million, which is $35.1 million (0.5%) above the December 2016 revenue forecast and $159.1 million (2.3%) above collections through the same period in the prior fiscal year.

Year-to-date sales tax collections totaled $3,711.9 million, which is $32.8 million (0.9%) above the December 2016 forecast and $107.2 million (3.0%) above collections through the same period in the prior fiscal year.

Year-to-date individual income tax collections totaled $2,522.2 million, which is $40.6 million (1.6%) above the December 2016 forecast and $93.8 million (3.9%) above collections through the same period in the prior fiscal year.

Year-to-date corporate tax collections totaled $356.8 million, which is $34.0 million (8.7%) below the December 2016 forecast and $23.1 million (6.1%) below collections through the same period in the prior fiscal year.

Governor Eric Holcomb will present his budget to Indiana lawmakers on Tuesday.