State budgeters will have 213-million dollars less to work with than originally planned.
The state‘s economic forecasters predict two-point-three-percent growth in the upcoming fiscal year, and three-point-four-percent in the second year of the budget. But that‘s slower growth than they expected in their last forecast in December.
Tax collections have fallen short of that forecast every month.
House and Senate negotiators will use the revised numbers to craft the final version of a new two-year budget. Leaders from both houses had predicted the forecast would be less optimistic than the previous one.
Lawmakers hammering out the plan are expected to hold their first formal meeting today.
A chance to toss out unwanted stuff in Gibson County Saturday.
The annual spring clean up day means solid waste management and other agencies will be prepared to take items that are normally difficult to dispose of during the event.
Some of the items that can be thrown away Saturday - large household items - like furniture, propane tanks, car batteries, electronics, and tires. There may be small fees for some disposal, and they can't take roofing or construction materials, as well as ammunition and explosives.
Those dumpsters will be set up Saturday from 8 to 2 in Toyota's south parking lot.
Even though the House and Senate in Indianapolis have both passed versions of a budget bill - the process essentially starts over today.
The final figures of the latest revenue forecast by the Legislative Services Agency will be released today - giving lawmakers more solid numbers in determining how much money can be spent.
Leaders in the Senate note state revenues have fallen 300-million dollars short of budget targets this fiscal year, and have missed projections from December‘s most recent revenue forecast in all three months since the forecast was released - and if the forecast continues hold that line - the budget may have to be scaled back accordingly.
The budget must be completed and approved by the legislature‘s adjournment, April 29th.