Revenue Forecast

Indiana Senate's top Democrat demands budget-cut data

June 1, 2010
Associated Press
Minority Leader Vi Simpson, D-Bloomington, said the Republican governor's budget director told her that a comprehensive list of executive branch budget reductions wasn't available. She said that's unacceptable.
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State revenue continues to fall short of projections

May 4, 2010
Indiana has missed budget projections for nine out of the last 10 months. April tax collections hit their lowest mark since 2004.
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Indiana budget chief orders another 5 percent in cuts

April 22, 2010
Associated Press
State revenues are $867 million, or 9.4 percent, less than forecast through the first nine months of the current fiscal year.
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Indiana tax collections for February down $86 million

March 2, 2010
Associated Press
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.
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State funding cuts a setback for public stations

February 19, 2010
Scott Olson
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.
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Daniels announces more cuts as state revenue falls again

November 6, 2009
 IBJ Staff and Associated Press
Indiana Gov. Mitch Daniels on Friday announced a series of spending cuts and other steps designed to offset a continuing multimillion-dollar decline in state revenues. If the trend continues without spending cuts, he said, Indiana's reserves would be wiped out by next August.
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Education cuts could be coming, state schools chief says

November 5, 2009
Associated Press
Indiana's school chief warned school superintendents Thursday that declining state revenues could force cuts in public education spending, education officials said.
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Study: Taxing services could yield state $6.8B

October 12, 2009
Peter Schnitzler
The non-partisan Indiana Fiscal Policy Institute this morning released a new study exploring the ramifications of expanding the state's sales tax to include services.
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Daniels warns of more cuts amid revenue declines

October 8, 2009
Scott Olson
Indiana Gov. Mitch Daniels warned Thursday morning that more state budget cuts could be forthcoming in light of a prolonged drop in tax collections. Indiana collected $3.3 billion in total revenue during the fiscal first quarter, 14 percent less than the same period last year.
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Unprecedented economic forecast revision will frame special sessionRestricted Content

June 1, 2009
Peter Schnitzler
With the help of outside economists, Indiana government undergoes an economic forecast every other yearâ??a process that's taken on increased importance this spring, as Gov. Mitch Daniels and the Legislature attempt to craft a two-year budget amid the deepest recession since the early 1980s.
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Lawmakers think 'gloomy' in spite of rosy forecastRestricted Content

April 27, 2009
Ed Feigenbaum
Sometimes the news is just so good you can't believe it, and that is just what happened with the state revenue forecast this month.
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