INDIANAPOLIS – Indiana's budget situation worsened again in February when tax receipts fell below expectations for the 17th consecutive month.
State revenue is now $895 million less through the first eight months of the fiscal year than lawmakers thought when they wrote the two-year spending plan. It's also 10.5 percent below the same period last year, a time when lawmakers hoped the numbers couldn't worsen.
the cynic in me wonders whether projections have been intentionally too high, in order to make the governor look better: mitch balanced the budget somehow—what a genius! what a bold leader he is, managing us so well in these hard times!
it would seem the state's monthly tax projections are as untrustworthy as our list of economic successes. ¶