Indiana tax collections last month fell short of projections and dropped the state below expectations with two months left in the fiscal year.
Indiana has fallen short of expected tax collection amounts for two consecutive months after April revenues were $39 million less than projected.
Both sales and individual income taxes fell short of the mark, with corporate income taxes the lone bright spot for the month.
Through ten months of the fiscal year, Indiana's total tax revenues have dipped below target for the first time since December: $2.8 million off the mark after April's collections, with sales taxes to blame, $94 million less than expected this fiscal year.