Today's Deal Promo Box - moore by jacci

Login or Signup

Facebook user?
You can use your Facebook account to log in.
Join The Community
Login | Register | Subscribe
 

Lawmakers order new revenue forecast

Lawmakers order new revenue forecast
Font Size:
Default font size
Larger font size

INDIANAPOLIS | With only minor fussing, state lawmakers agreed Tuesday to join Gov. Mitch Daniels' administration in crafting a new revenue forecast upon which to base the next state budget.

The request came from the Republican governor, who blistered legislators last month after they considered a two-year, $30 billion spending plan that he believes was $1 billion out of balance. Daniels based his assumption on April tax collections, which came in $255 million below a two-year forecast lawmakers received on April 17.

On Tuesday, the State Budget Committee, a House-Senate panel led by the governor's budget director, unanimously voted to put its staffers to work on a new revenue road map for the next budget, which will take effect in July and run through June 2011.

Before the vote, State Budget Director Chris Ruhl irked Democrats when he insisted the forecasters root out potential flaws in the methodology behind the forecast delivered last month.

"If we don't, we're going to get the same results," he said. "And it's going to be wrong."

Sen. Luke Kenley, R-Noblesville, played referee, attempting to assuage concerns the Daniels administration might try to exert too much influence over the new forecast, which will determine the shape of the next budget.

"I think we all need to be comfortable with this process," Kenley said.

The Indiana General Assembly failed to pass a budget prior to its April 29 adjournment deadline. The current spending plan expires June 30.

The new revenue forecast ordered Tuesday will be released May 26. Daniels is set to present his spending plan to the State Budget Committee on June 1, and he is expected to call all 150 lawmakers back to the Statehouse around June 15.

Every five-day week of special session will cost taxpayers about $75,000 in lawmaker per diems and mileage to the Capitol.

Copyright 2012 nwitimes.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Print Email

Sponsored Links

Current Conditions
33° F
Sponsored by:
Promo Banner - iPad App

Latest Local Offers

Simple Pleasures
House Of Bianco Beauty Concepts & Day Spa
Foremost Liquors
View our current specials!
Foremost Liquors
24/7 Towing Services
Ask Auto Towing and Lock Out Service
MJ Polish Deli
STUFFED CABBAGE ROLLS for only 3.69/lb.
MJ Polish Deli
Home Cleaning Centers of America
Get your home cleaned and freshened for the holidays!
Home Cleaning Centers of America

Featured Businesses

Hint: Enter a keyword that you are looking for like tires, pizza or doctors or browse the full business directory, powered by Local.com

Poll

Should the Chicago Area Waterway System be closed?

Loading…
Yes
No