State faces $2.4 billion revenue shortage

On this edition of “All INdiana Politics,” The state revenue forecast released Wednesday shows Indiana taking in $2.4 billion less over the next three years than had been forecast in December, when lawmakers prepared to create a fiscal budget for the next two years.Lawmakers said they will try to avoid cutting the most critical services to close a multibillion-dollar revenue gap.A small school corporation in Randolph and Henry counties is one step closer to dissolution following the Senate’s approval of a plan to overhaul property taxes.Two members of Indiana’s best political team on Friday said they suspect lawmakers will find a way to avoid cutting K-12 funding to close a revenue gap.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.