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Analysts: Indiana taking in more money than expected

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State fiscal analysts project Indiana's government will take in more than a half-billion dollars more than anticipated in tax revenue over the next two-year budget cycle.

Analysts told the State Budget Committee on Friday they expect the state to take in some $643.7 million more in fiscal 2012 and 2013 than anticipated in the previous revenue forecast. The analysts predict state revenue will grow by 5.1 percent in 2012 compared with this year.

Gov. Mitch Daniels wants to use $150 million of that amount for Indian's public schools. The rest would likely go into the state's financial reserves.

Economists told the panel the U.S. economic recovery has become self-sustaining, though it still could be upset if oil prices skyrocket. Lawmakers say there's reason to remain cautious as they craft the budget.

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  • analyst
    why not use this money for the teachers that are being laid off, and not gov. daniel"s all day kindercare. voters enough is enough

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  1. Why should citizens rates increase forever to basically reduce Dukes cost to operate in the future? They will have no meter readers, no connect/disconnect personnel and will need fewer lineman to handle the same number of customers. Add to that the ability to replace customer service by giving detailed information electronically. Why do we have to subsidize the cost cutting measures of a Public Utility?

  2. In response to Sassafras, I have to ask if you relocated directly from Bloomington to Carmel? First, as you point out, Carmel is 48 square miles. Do you think it’s possible that some areas are more densely developed than others? That might explain traffic density in some places while others are pretty free moving. Second, your comment “have you ever been to Chicago--or just about any city outside of Indiana?” belies your bias. I don’t know, Sassafras, have you never been to Nashville, Columbus, OH, Cincinnati, St. Louis, Kansas City, Denver, Phoenix? They’re not a lot different in density than Indy. One more thing…I understand these comment sections are for expressing opinions, so those of us just looking for facts have to be patient, but you mention “low-density” Indy. How many cities in the US comprise 400 square miles with about 10% of that still being agricultural? Those facts certainly can impact the statistics.

  3. With all the past shady actions of Duke with utility regulators, one wonders do they really need such a huge amount? Concerned regulators not protecting ratepayers from the aggressive Duke monolith.

  4. I thought that had to be the way it was but had to ask because I wasn't sure. Thanks Again!

  5. I could be wrong, but I don't think Butler views the new dorm as mere replacements for Schwitzer and or Ross.

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