Indiana continues to struggle in its new fiscal year as revenues came in below expectations in August.
Through four months of the fiscal year, Indiana’s tax collections have yet to meet or exceed projected levels.
Through nine months of the fiscal year the state is essentially on target for its projections.
Indiana is hoping to attract more business from companies located in Connecticut, which recently approved a $1.5 billion tax increase.
Despite the good news, the state still isn’t meeting its total target with only two more months left in the fiscal year.