Indiana revenue projections not looking good

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by WHAS11

WHAS11.com

Posted on November 25, 2012 at 9:01 PM

Indianapolis, Ind. (WHAS) – Revenue projections for the state of Indiana aren’t looking great and that means agencies and universities looking for more money in this next budget may have to look elsewhere.

State tax collections are expected to remain about the same and gambling revenue is dwindling.

Indiana does have cash reserves worth about $2 billion but the senate appropriations chairman says tax collections aren’t expected to grow much over the next year.

That leaves little room to increase spending.

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