Indiana’s sales tax collections have failed to meet expected levels for 21 of the last 23 months.
Through a third of the current fiscal year, revenues are about $61 million below target. That's about 1.3 percent off the mark.
Significant tax relief for Hoosier employers could be on the horizon if the state’s revenues do well the next few months.
Boosted sales tax revenues led to higher-than expected state revenue collections in October.
Indiana's tax collections were below projections for the first two months of this fiscal year.
Tax revenues for Indiana were $5 million below expectations in July, the first month of the fiscal year.
Indiana's tax revenue is still $50 million lower than projections with only one month left in the fiscal year.
The March revenue report for Indiana shows improvement from February, but it doesn't make up for previous months' revenues that have fallen below predictions.
February tax revenues were $54 million short of projected levels, putting the state $90 million below expectations for the fiscal year.
December tax collections were more than $40 million above target.