Revenue Forecast Comes in Lower Than Expected
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowState 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.
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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