Niki Kelly writing for the Ft. Wayne Journal Gazette has an article entitled State revenue to miss mark by $74 million.
According to the article (if I’m reading it correctly), even with the $165 million brought in with the state’s tax amnesty program, the state will be short $74 million from its projected revenues. So, given that the budget only estimated the tax amnesty program to bring in $65 million, the rest of the budget was about $174 million off. The article also says that the total budget is something like $24 billion. So, even the $174 million is only 0.6% of the total.
Governor Daniels has apparently told agencies not to spend 7% of their budgets. That sounds like a tall order to me, given that I suspect even the original budgets represented quite a bit of belt tightening.
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