Brother, Can You Spare $2 Billion?
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.
