State leaders say the underwhelming revenues are a result of explainable outside forces.
The first two months of the fiscal year put the state more than 40 million dollars below expectations. September made it more than twice as bad.
Indiana’s business community is waiting to see how federal tax reform plans, set for release next week, might impact their companies and workers.
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.