Indiana

Statehouse Update - 2:00 p.m.

By Abdul Hakim-Shabazz

I’m not totally sure what impact this little bit of news will have on today’s events at the Statehouse, but it can’t be a good one.

I just got confirmed from the Governor’s office that Indiana’s actual revenue intake will fall in the ballpark of $200 million below the last forecast.  The last revenue forecast had the state taking $830 million less over the next two years.  That number could now reach $1 billion with the latest information.

This would explain, in part, why the Governor has been threatening to veto the budget if lawmakers don’t cut an additional $100 million in spending.

There’s no reaction yet from legislators, but you know this can’t be good.

There are 10 hours left before lawmakers are scheduled to adjourn.

Full post as published by Indiana Barrister on April 29, 2009 (boomark / email).