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Indiana Gov: Cut Spending
Produced by Michael Puente on Friday, November 06, 2009
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Indiana’s governor is ordering all state agencies to cut spending by an additional 5 percent.
This comes as revenues fell well short of projections.
Earlier this week, a national economic forecasting firm reported that Indiana is among 11 states poised to emerge from the recession.
But as of right now, the recession is still hitting the state hard. That’s why Governor Daniels says he wants all state agencies to reduce their budgets by a total of 10 percent since July.
DANIELS: New actions are necessary if we’re going to protect Indiana taxpayers against the tax increases that are happening in most of the rest of America.
Indiana revenues came in $300-million short of a forecast that came out in May. That’s about 7.4 percent.
So far, layoffs of state employees are not being called for, Daniels said.
He’s hoping to avoid spending cuts to public safety and education.
Indiana school districts have also been put on notice and that they should hold off on major expenditures.
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