Statehouse Update – 2:00 p.m.
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.
