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State Revenues Continue Falling Short

February 4, 2010

Indiana Governor Mitch Daniels says January collections show the state’s revenue continues to fall short of projections. Numbers released today reveal state tax dollars were nearly seventy five million dollars below what was forecasted in December. Governor Daniels says continued declines in state revenue means constantly reassessing state spending and cuts.

“We’re just going to have to keep taking this month by month and we can’t say for certain that the revenue will begin to match the forecast.”

Daniels has implemented a variety of cuts, including hiring and pay freezes and public and higher education cuts. Total revenue for the fiscal year is seven percent below the previous year.

-Marianne Holland

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