The January revenue proved lower than the state's forecast.
Economic advisors tell the State Budget Committee both the Indiana and U.S. economies will grow over the next couple of years, but that growth will be slow.
The state collected $67 million more than predicted for the first quarter of the fiscal year.
Payroll withholdings were close to last year's levels and individual income tax revenues were up just over six percent.
Some council members say they’re confused about their involvement since they have no authority over other governmental budgets.
Indiana‘s struggling gaming industry could spell trouble for the state.
The budget hearings are scheduled to begin September 13th.
Experts say implementing all three of Pence’s proposed tax reform measures would cost Indiana about $1 billion in revenue.
Indiana collects more than 2% greater revenue than expected for the first month of fiscal 2012.
IU Professor of Economics John Mikesell says the probability of Congress coming up with a proper solution isn’t looking good.