The state of Indiana has released its latest revenue numbers, and they could be bad news for projects like the IU School of Medicine in Evansville.
Indiana's tax collection report shows that state revenue was short of projections for the seventh time in the past nine months.
The State Budget Agency says tax collections were about 1.7 percent below expectations for March, with much of that coming from a 6 percent shortfall in sales tax collections.
State Representative Ron Bacon recently told WNIN Lawmakers that the revenue report could have a big impact on whether a full $50 million is approved for the med school. The House approved $36 million, after Governor Pence budgeted just $19 for the project.
March's figures leave state revenues about $109 million, or 1.1 percent below projections for the budget year that started in July. The state ended the last budget year with some $2 billion in reserves.
The report comes as the Senate Appropriations Committee prepares to release its budget proposal Thursday.
The General Assembly faces a deadline in three weeks to finish work on a new two-year state budget.