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State revenue continues to fall short of projections

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Indiana has missed its budget goal for the ninth month out of the past 10 as tax collections for the month of April hit their lowest mark since 2004, the state announced Tuesday morning.

The state collected $1.4 billion in revenue in April, missing projections by 5 percent, the Indiana State Budget Agency said.

Through April, or the first 10 months of the state’s fiscal year, state revenue has come in $949 million below projections, a 10-percent shortfall that comes on the heels of a 7.4-percent gap a year ago.

The state collected $9.7 billion in revenue through the first ten months of the fiscal year and spent $10.3 billion, which has reduced reserves by $630 million, or roughly one-half of the $1.3 billion the state had at the beginning of the current two-year budget cycle.

“There’s no arguing with these numbers,” Gov. Mitch Daniels said in a prepared statement. “Without our actions to restrain spending, all of our reserves would be gone sometime this year and we’d be in the shape of most other states.”

Daniels' budget director, Christopher Ruhl, sent a memo to all state agencies last month directing them to hold back 2011 fiscal-year spending by another 5 percent after already chopping spending by 10 percent a few months ago.

The most recent state revenue forecast shows 2011 fiscal-year collections coming in lower than they were as far back as 2006.
 

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  1. Of what value is selling alcoholic beverages to State Fair patrons when there are many families with children attending. Is this the message we want to give children attending and participating in the Fair, another venue with alooholic consumption onsite. Is this to promote beer and wine production in the state which are great for the breweries and wineries, but where does this end up 10-15 years from now, lots more drinkers for the alcoholic contents. If these drinks are so important, why not remove the alcohol content and the flavor and drink itself similar to soft drinks would be the novelty, not the alcoholic content and its affects on the drinker. There is no social or material benefit from drinking alcoholic beverages, mostly people want to get slightly or highly drunk.

  2. I did;nt know anyone in Indiana could count- WHY did they NOT SAY just HOW this would be enforced? Because it WON;T! NOW- with that said- BIG BROTHER is ALIVE in this Article-why take any comment if it won't appease YOU PEOPLE- that's NOT American- with EVERYTHING you indicated is NOT said-I can see WHY it say's o Comments- YOU are COMMIES- BIG BROTHER and most likely- voted for Obama!

  3. In Europe there are schools for hairdressing but you don't get a license afterwards but you are required to assist in turkey and Italy its 7 years in japan it's 10 years England 2 so these people who assist know how to do hair their not just anybody and if your an owner and you hire someone with no experience then ur an idiot I've known stylist from different countries with no license but they are professional clean and safe they have no license but they have experience a license doesn't mean anything look at all the bad hairdressers in the world that have fried peoples hair okay but they have a license doesn't make them a professional at their job I think they should get rid of it because stateboard robs stylist and owners and they fine you for the dumbest f***ing things oh ur license isn't displayed 100$ oh ur wearing open toe shoes fine, oh there's ONE HAIR IN UR BRUSH that's a fine it's like really? So I think they need to go or ease up on their regulations because their too strict

  4. Exciting times in Carmel.

  5. Twenty years ago when we moved to Indy I was a stay at home mom and knew not very many people.WIBC was my family and friends for the most part. It was informative, civil, and humerous with Dave the KING. Terri, Jeff, Stever, Big Joe, Matt, Pat and Crumie. I loved them all, and they seemed to love each other. I didn't mind Greg Garrison, but I was not a Rush fan. NOW I can't stand Chicks and all their giggly opinions. Tony Katz is to abrasive that early in the morning(or really any time). I will tune in on Saturday morning for the usual fun and priceless information from Pat and Crumie, mornings it will be 90.1

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