Indiana failed to collect as much revenue as the state budget plan expected for the third consecutive month in October.
Indiana collected $189 million less last month than its budget plan expected. And through four months of the fiscal year, state revenues are now $342 million short of the budget mark.
All three of the Indiana's major tax categories are failing to meet expectations this fiscal year.
Indiana will receive a new revenue forecast next month. But Senate President Pro Tem Rodric Bray (R-Martinsville) said lawmakers are prepared for a much less rosy picture than the last few years.
“It is appropriate to set expectations a little bit lower this year, because I do not think we're going to have the revenue that we've been accustomed to,” Bray said.
READ MORE: Where does Indiana state budget funding come from?
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Lawmakers will begin writing a new, two-year state budget in the session that begins in January.
Brandon is our Statehouse bureau chief. Contact him at bsmith@ipbs.org or follow him on Twitter at @brandonjsmith5 .
