Brought to you by WBIW News and Network Indiana
Last updated on Friday, February 5, 2010
(INDIANA STATEHOUSE) - State revenues continue to fall short of expectations.
The State Budget Agency reports total collections for January were $75 million below the forecast amount.
It also marks a 7% drop from total collections for the same period one year ago.
The biggest drops are in corporate income tax, down 43% from January 2009.
Individual income tax also fell 14% from the previous year.
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