State legislators will have less money to deal with in the two-year budget than previous projections indicated. Governor Mike Pence says today's state revenue forecast reinforces that his cautious approach regarding spending and reserve levels has been “well-founded.” Our partners at Network Indiana/WIBC report lawmakers could have around $213 million less than expected as they finalize the budget before the end of the month.

You can connect to the full budget report by clicking here.

Sources: Inside INdiana Business, Network Indiana/WIBC, The State of Indiana

April 16, 2015

News Release

INDIANAPOLIS, Ind. – Governor Mike Pence today issued the following statement regarding the April revenue forecast.

“Since I introduced my recommended budget in January, I have been urging caution on overall spending and reserve levels. Today's revenue forecast shows that caution was well-founded and will be needed as we complete our work on the budget. Despite this forecast, Hoosiers deserve to know that our state continues to enjoy a strong fiscal reputation as evidenced by this week's renewal of our AAA bond rating. I am confident, with continued fiscal discipline, we will enact another balanced budget that funds our priorities, beginning with much needed resources in education.”

Source: The Office of Governor Mike Pence

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