The total revenue generated by the state in April is nearly 50 percent less than projected. The state's budget director says, its hard to predict what might happen in May.

Indiana tax collections have outpaced state budget targets in seven of the last 14 months.

Indiana budget writers will have about $100 million less to work with than previously anticipated. The revenue forecast unveiled Wednesday will help determine what Indiana's new state budget will look like.

The Senate version of the state's budget sends an additional $535 million to schools over the next two years, a slight increase over the House version of the bill. Lawmakers will need to agree on a state budget before the session ends this month.

The full House will vote on the budget in the coming days. Republicans hold a supermajority and need no Democratic votes to pass the legislation.

Statehouse leaders of both parties say increasing teacher pay is a top priority. The House Republican budget gives schools an additional $461 million over the next two years, a little more than the current inflation rate in increases per year.

The state finished its 2016 fiscal year with $2.4 billion in reserve.