INDIANAPOLIS (WOWO) — Indiana’s general fund revenue exceeded budget estimates by $97.3 million through the first 3 months of fiscal year 2027, according to the Indiana State Budget Agency. The state’s general fund collected nearly $5.8 billion from July through September, 1.7% above the estim ated $5.7 billion. Collections were $307.6 million higher than during the same period in the previous fiscal year, an increase of 5.6%. September revenue totaled approximately $2.32 billion, exceeding the monthly estimate by $50.9 million, or 2.2%. However, that was about $2.2 million less than the state collected in September 2025. Corporate income-related taxes were among the strongest revenue sources compared with estimates. Collections totaled $329 million through September, $70.2 million above projections, or 27.1%. Individual income tax collections reached approximately $2.06 billion for the first 3 months of the fiscal year, beating estimates by $39 million, or 1.9%. Sales and use tax collections totaled about $2.96 billion, coming in $8.9 million below estimates. That was still $115.4 million, or 4.1%, higher than collections during the same period last year. Revenue from riverboat wagering also fell short of expectations, totaling $43.3 million, or $6.7 million below estimates. The report covers the month ending Sept. 30, 2026, and compares collections with estimates based on the state’s December 2025 revenue forecast. The post Indiana State Revenue Tops Budget Estimates by $97 Million appeared first on WOWO News/Talk 92.3 FM and 1190 AM. ...read more read less