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Indiana Income Less Than Expected For May

Cash money
Cash money

Indiana’s tax collections were lower than expected for May.

The state was $72 million short of what state officials had expected.

The impact won’t be as bad as it might seem since the state is still $65 million ahead of what was forecast overall for the year.

Much of the drop came in individual income tax collections, which were $87 million below the target in May after being $90 million ahead of target in April.