Tuesday, April 6, 2010

State revenues increase

From Department of Local Government Finance this morning:

One other interesting note, in case you haven't heard the news yet - State revenues came in above the forecasts for the first time in 17 months. In March, the state collected $908 million in taxes, up $7 million from March 2009. The collections were $2 million above the budget forecast and $48 million above the revised forecast, issued in December 2009. According to the Indianapolis Star, State Budget Director Chris Ruhl said, "I think a positive first step is getting back on target and projections." However, he has cautioned that it is too early to say the worst is over, so we must continue be prudent in our spending. According to the Star, " 'One month of reversing a trend is not enough to say we're going to start the spending spree again in Indiana,' Ruhl said. 'The goal remains the same: Spend within our means, protect Hoosier taxpayers, and maintain the size and scope of government within an affordable means.' "

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