Indiana tax collections are already more than $700 million dollars ahead of what the state budget needs, just four months into the fiscal year.

Indiana tax collections came in below projections last month, for the first time in more than a year. But state budget expert says that missed projection is mostly a timing issue.

Indiana tax revenues came in $51 million less in October than the state's budget plan projected.

Tax collections exceeded expectations in December, the first time that's happened this fiscal year.

Total Indiana tax revenues have lagged in each of the four months of the fiscal year that began in July.

Indiana tax collections came in above expectations for the second consecutive month in March.

Indiana's January tax collections dipped just below expected levels for the first time in three months.

Indiana's tax collections are just above the most recent forecast through half of the fiscal year.

October marks eight consecutive months in which the state's collections have failed to meet expectations.

The latest revenue report shows Indiana earned nearly $26 million less in sales tax than it expected in September.