Brain aneurysms caused by bomb blasts and other severe trauma could one day be treated by biomedical technology developed at Purdue University.INDIANAPOLIS – For the first time in 17 months, Indiana tax collections have exceeded expectations.
Total revenue collections in March were $2 million above the forecast used to construct the current state budget. And they were $48 million above a recently downgraded forecast. The state collected $908 million for March, the State Budget Agency reported Monday.
“At least the trend of revenues consistently missing budget-plan and prior-year amounts has been interrupted for one month,” State Budget Director Chris Ruhl said.
March collections were aided by about $10 million in interest from common school fund loans. That interest had been counted in a non-general fund account twice in the last year.
March’s report corrects the error and includes this revenue in the state’s main checking account.
Sales tax collections for the third quarter were 1 percent below the prior year – the strongest performance in the last five quarters. But the state is still $867 million behind for this fiscal year, which ends in June.
Gov. Mitch Daniels so far has blunted that deficit with spending cuts, including a $300 million hit to Indiana schools.
