State revenue continues to fall short of projections
Indiana has missed budget projections for nine out of the last 10 months. April tax collections hit their lowest mark since
2004.
Indiana has missed budget projections for nine out of the last 10 months. April tax collections hit their lowest mark since
2004.
State revenues are $867 million, or 9.4 percent, less than forecast through the first nine months of the current fiscal year.
Tax collections in March totaled $908 million, or $7 million more than for the same month last year.
Indiana had suspended the fund for the Indiana Recycling Market Development Program last year. And last June, it shifted $11
million from the fund that finances loan and grant programs to attract recycling businesses to Indiana to the state's
main checking account.
The full Indiana House returned to the Statehouse after a five-day break, but partisan differences remained over an unemployment
insurance tax bill.
Tax collections for February fell $86 million below a revised December forecast. Revenue is down $166 million in the first
three months since that forecast.
The Indiana House approved legislation Wednesday that would repeal an unemployment-insurance tax increase and approved a package
of tax credits and other incentives designed to create jobs.
The state's eight public television and radio stations, including WFYI in Indianapolis, will not receive their final two
installments of public funding for fiscal 2010 because of Indiana's budget crisis.
Officials in Seymour are protesting the announced closing of an Indiana State Police post in their city.
New revenue figures show Indiana tax collections fell $75 million short of expectations in January.
The administration of Gov. Mitch Daniels is backing away from a plan to cut in half the budget for state inspections of meat
processors after complaints that it would drive some plants out of business and hurt small farmers.
Governor acknowledges the economy has been taking a toll on state government and the lives of many Indiana residents.
Indiana Gov. Mitch Daniels will deliver the annual State of the State address Tuesday night at 7 p.m. before a joint session of the Indiana House and Senate.
Indiana State University’s president says the college will eliminate 80 to 100 jobs as a result of state budget cuts.
The Senate has approved a bill delaying unemployment-tax increases on businesses for a year, but the legislation may face
hurdles in the Democrat-led House.
A report from the Indiana Fiscal Policy Institute says metropolitan counties pay more in state taxes than they receive
in benefits. The results, though not surprising, document the disparity for the first time in Indiana.
A final vote on the legislation is expected Monday. If the House and Senate pass the same resolution this session, voters
would decide in November whether to put the tax limits into the constitution.
Indiana University must cut $58.9 million from its budget over the remainder of the state’s two-year budget cycle.
Governor says Indiana likely will have to use all of its financial reserves to get by.
Indianapolis property tax bills, paid in two installments due in May and November, should be sent without delay for the first year since
2006.