Budget Busted?
Indiana tax collections are worse than expected. Governor Mitch Daniels reported today the state is taking in $254 million less than projected. Most of the decrease is attributed to a drop in sales and income taxes. Daniels says he will use just about every means possible to address the funding gap, with the exception of raising taxes on working families that are struggling in the current economy.
You can hear the Governor’s comments to the media below.
