$60 Million Shortfall?
Indiana Governor Mitch Daniels is going to announce the latest revenue collections for October tomorrow and the picture “ain’t pretty.”
I’m told not to be surprised if collections fell short by $60 million for the month. That’s on top of $250 million for the last quarter, bringing the state to a total shortfall of $310 million.
The question now is how will administration officials deal with the shortfall? They have held the line on spending, now they may have to look at serious cuts in government services and personnel. Stay tuned.
