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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  1. So as I read this the one question that continues to come to me to ask is. Didn't Indiana only have a couple of exchanges for people to opt into which were very high because we really didn't want to expect the plan. So was this study done during that time and if so then I can understand these numbers. I also understand that we have now opened up for more options for hoosiers to choose from. Please correct if I'm wrong and if I'm not why was this not part of the story so that true overview could be taken away and not just parts of it to continue this negative tone against the ACA. I look forward to the clarity.

  2. It's really very simple. All forms of transportation are subsidized. All of them. Your tax money already goes toward every single form of transportation in the state. It is not a bad thing to put tax money toward mass transit. The state spends over 1,000,000,000 (yes billion) on roadway expansions and maintenance every single year. If you want to cry foul over anything cry foul over the overbuilding of highways which only serve people who can afford their own automobile.

  3. So instead of subsidizing a project with a market-driven scope, you suggest we subsidize a project that is way out of line with anything that can be economically sustainable just so we can have a better-looking skyline?

  4. Downtowner, if Cummins isn't getting expedited permitting and tax breaks to "do what they do", then I'd be happy with letting the market decide. But that isn't the case, is it?

  5. Patty, this commuter line provides a way for workers (willing to work lower wages) to get from Marion county to Hamilton county. These people are running your restaurants, hotels, hospitals, and retail stores. I don't see a lot of residents of Carmel working these jobs.

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