Grim budget picture shapes up for Ind. lawmakers

By: Associated Press Email
By: Associated Press Email

Predictions of stagnant state tax collections and dwindling gambling revenue could dash any hopes agencies and universities have of getting more money when lawmakers write Indiana's next two-year budget.

Many groups have seen cuts over the last four years and are eager to replenish their coffers. But lawmakers aren't giving them much encouragement as they warily eye the increased competition for gambling dollars from neighboring states and an economy that's still dragging.

Indiana has cash reserves worth an estimated $2 billion, but Senate Appropriations Chairman Luke Kenley says tax collections could grow by just 1.5 percent over the next year. That could give lawmakers little room to increase spending.

New House Ways and Means Chairman Tim Brown says he'll wait to see the December revenue forecast before worrying.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WNDU - Channel 16 54516 State Road 933 South Bend, IN 46637 Front Desk: 574-284-3000 Newsroom: 574-284-3016 Email: newscenter16@wndu.com
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 180750851 - wndu.com/a?a=180750851