In the four starts to a fiscal year during the Pence administration, the state’s tax collections came in less than projected in each one.
Tax revenues for Indiana were $5 million below expectations in July, the first month of the fiscal year.
Overall revenues were boosted by a surge in individual income tax collections, which came in more than $70 million ahead.
The money comes from corporate tax collections found by the state last year after a software error failed to deposit it into the state’s general fund.
Higher than expected tax collections and deeper than expected spending cuts padded the state‘s $830 million in reserves