In February 2025, Indiana's General Fund revenues totaled $1,307.5 million, exceeding the state's December 2024 revenue forecast by $94.3 million (7.8%) and marking an increase of $198.2 million (17.9%) compared to February 2024.
Sales tax collections reached $794.5 million, slightly below projections by $18.1 million (2.2%), but still reflecting a 1.9% growth compared to last year. Individual income tax revenues were significantly above expectations at $386.7 million, surpassing projections by $96.8 million (33.4%) and increasing by $185.5 million (92.2%) compared to February 2024. This growth was largely driven by increased tax withholdings.
Corporate tax collections came in marginally negative at -$0.2 million but exceeded the forecast by $21.0 million (99.3%) and were up $15.0 million (99.0%) year-over-year. Riverboat wagering tax revenues totaled $31.3 million, $2.3 million (7.9%) above the forecast and $2.7 million (9.3%) higher than February 2024.
Overall, February's revenue performance indicates robust economic conditions in Indiana.
While the recent government shutdown appears to have ended, disruptions in air travel are expected to linger for weeks. Airlines are still restricted by the FAA, leading to potential flight cancellations that could impact holiday travel plans.
Elite Scholar Tutoring used indy black businesses microgrant support to host the Level Up ILEARN workshop, helping local students build skills and confidence while celebrating their achievements.
The City of Indianapolis is offering $500,000 in one-time funding for neighborhood cultural projects that celebrate community identity, from public art to local traditions. Applications are open August 1–31 for both established and emerging cultural districts.
