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Indiana Revenues Lower Than Expected During Last Budget Period

Indiana Auditor Tim Berry says the state took in five percent less revenue than was anticipated for the two year budget period that ended June 30, but still managed to finish with reserve fund of nearly $1.2 billion.Berry unveiled the latest numbers today. He says spending cuts across state agencies allowed Indiana to replenish its fiscal safety net without a tax increase.Governor Mitch Daniels says while the state’s economy is improving, it’s still too early to begin restoring many of the cuts imposed when revenues lagged at the height of the recession. Indiana lawmakers approved a measure this year that automatically returns any state surplus above ten percent to taxpayers.

Rick Howlett was midday host and the host of LPM's weekly talk show, "In Conversation." He was with LPM from 2001-2023 and held many different titles, including Morning Edition host, Assignment Editor and Interim News Director. He died in August 2023. Read a remembrance of Rick here.