Indiana

Brother, Can You Spare $2 Billion?

By Abdul Hakim-Shabazz

Indiana lawmakers got the bad news today.  The state faces a $1.8 billion revenue shortfall by the end of the biennium.  Governor Daniels talks about it in the link below.  If the forecast is true not only is the $1 billion “surplus” gone, but the state is $800 million in the hole.  I doubt there is anyway schools (K-12) can avoid the pinch any longer.  Of course, they could start seriously looking at consolidation and more sharing of non-educational resources.  The same goes for local governments with property tax caps and caps on assessments.  Maybe there is a silver lining in all this.  I’ll have more analysis tomorrow.  But  here’s the link for now.

Mitch Daniels

Full post as published by Indiana Barrister on December 15, 2009 (boomark / email).