{"id":8416,"date":"2009-11-06T18:01:42","date_gmt":"2009-11-06T22:01:42","guid":{"rendered":"https:\/\/www.aroundfortwayne.com\/news\/?p=8416"},"modified":"2009-11-06T18:01:42","modified_gmt":"2009-11-06T22:01:42","slug":"governor-announces-more-actions-to-reduce-state-spending","status":"publish","type":"post","link":"https:\/\/aroundfortwayne.com\/news\/2009\/11\/06\/governor-announces-more-actions-to-reduce-state-spending\/","title":{"rendered":"Governor announces more actions to reduce state spending"},"content":{"rendered":"ngg_shortcode_0_placeholder\n

Press release from Governor Mitch Daniels:<\/p>\n

Governor announces more actions to reduce state spending<\/strong><\/p>\n

INDIANAPOLIS (November 6, 2009) – Governor Mitch Daniels today initiated state agency spending reductions following the fourth straight month of lower than forecast state revenues for Fiscal Year 2010.<\/p>\n

<\/p>\n

For October, revenue collections were again below the May 2009 forecast. Total tax collections were $46 million below the forecast amount for the month. For the first four months of the fiscal year, general fund revenues are $309 million or 7.4 percent below forecast.<\/p>\n

“We have seen enough to know that new actions are necessary if we are going to protect Indiana taxpayers against the tax increases that are happening in most of the rest of America,” said Daniels. “Indiana has distinguished itself among the states, avoided tax increases, maintained all vital services, because we have been willing to act on time, to deal with our difficulties.”<\/p>\n

Reductions ordered by the governor today are expected to save the state about $300 million to $400 million over the biennium.<\/p>\n

Budget actions taken today<\/strong><\/p>\n