{"id":9038,"date":"2009-12-04T18:48:10","date_gmt":"2009-12-04T23:48:10","guid":{"rendered":"https:\/\/www.aroundfortwayne.com\/news\/?p=9038"},"modified":"2020-12-26T09:38:55","modified_gmt":"2020-12-26T14:38:55","slug":"governor-takes-more-action-to-offset-revenue-shortfalls","status":"publish","type":"post","link":"https:\/\/aroundfortwayne.com\/news\/2009\/12\/04\/governor-takes-more-action-to-offset-revenue-shortfalls\/","title":{"rendered":"Governor takes more action to offset revenue shortfalls"},"content":{"rendered":"ngg_shortcode_0_placeholder\n

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

Governor takes more action to offset revenue shortfalls<\/strong>
\nGovernor takes more action to offset revenue shortfalls<\/em><\/p>\n

(INDIANAPOLIS – December 4, 2009) Governor Mitch Daniels today took additional action to reduce state spending following another month of lower than forecast state revenues.<\/p>\n

<\/p>\n

For November, revenue collections were $144 million below the forecast amount for the month. Since the fiscal year started on July 1, general fund revenues are $475million or 9 percent below the May forecast. This is the 14th consecutive month of below forecast receipts.<\/p>\n

The latest changes ordered by the governor are estimated to save the state at least $159 million more over the next 18 months. In November, Daniels took actions that are expected to save the state $300 million to $400 million by the end of the biennium.<\/p>\n

“We are taking steps to offset shortfalls as they occur. The chance that revenues will suddenly begin to resemble the forecast seems highly unlikely,” said Daniels. “So it’s highly likely these are not the last steps we’ll have to take. Unwelcome as these actions are, we will do what’s necessary to protect Indiana taxpayers from the tax hikes being imposed in almost every other state.”<\/p>\n

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