Running For St Jude's Childrens Hospital
Fort Wayne Morning News with Charly Butcher
The Pat Miller Program
Money Talk with Chris Moore
Your Money With Mike
Mutual Fund Show
Fort Wayne Komets
Marketing and Advertising Career
Penny Pitch Application
State Sells Plane, Cuts Higher Education Amid Sho...
State Sells Plane, Cuts Higher Education Amid Shortfall
Created by kblakeslee on 12/9/2013 5:24:54 PM
INDIANAPOLIS (AP) - Gov. Mike Pence is selling the state plane and asking state agencies to cut spending as the state deals with a surprise budget shortfall.
State agencies will have to cut their budgets an additional 1.5 percent and state universities will see their state aid clipped by 2 percent as the state looks to make up a $141 million drop in tax collections. Pence said Monday the agency cuts and other moves should save the state about $57 million.
The new shortfall has been spurred in large part by the loss of $63 million in tobacco settlement money. Indiana is one a handful of states to lose a portion of the 1998 settlement proceeds for not doing enough to collect funds from some tobacco companies.
Copyright © 2014 WOWO 92.3 FM | 1190 AM