Indiana News

Declining Collections Eat Away at Fiscal Footing

INDIANAPOLIS (AP): Indiana's fiscal picture still looks strong one year after former Governor Mitch Daniels left the state with $2 billion in cash reserves, but an unexpected downturn in tax collections could keep lawmakers cautious during their upcoming session. State budget leaders received a new estimate last week that tax collection will come in short $298 million over the next two years. And unexpected hits like the loss of tobacco settlement money have cut into the money state leaders have to spend.

Related posts

Assistant Fire Chief Demoted for Fire Station Noose Incident

Kayla Blakeslee

Violent Weekend Leaves Multiple People Shot in Separate Incidents Around Fort Wayne

Mike Wilson

Mourdock’s Money

Kayla Blakeslee