From collection New Albany Public Library News Collection
Governor: Tax numbers show need for cost-saving bills
Gov. Mitch Daniels used new revenue figures -- numbers that show Indiana tax collections falling $75 million short of expectations in January -- on Thursday to urge lamakers to pass cost-saving bills he supports. The state still lags behind predictions made just two months ago, and it's unclear whether revenue collections will eventually meet the December 2009 revenue forecast. Corporate tax collection were $51 million below projections, while sales tax collections were $9 million below forecast