{"id":16972,"date":"2017-12-20T04:24:17","date_gmt":"2017-12-20T09:24:17","guid":{"rendered":"http:\/\/www.wvih.com\/wp1\/?p=16972"},"modified":"2017-12-29T19:24:12","modified_gmt":"2017-12-30T00:24:12","slug":"hoosier-revenue-forecast-falls-short","status":"publish","type":"post","link":"https:\/\/www.wvih.com\/wp1\/index.php\/2017\/12\/20\/hoosier-revenue-forecast-falls-short\/","title":{"rendered":"Hoosier Revenue Forecast Falls Short"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"16973\" data-permalink=\"https:\/\/www.wvih.com\/wp1\/index.php\/2017\/12\/20\/hoosier-revenue-forecast-falls-short\/indiana-state-house-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/www.wvih.com\/wp1\/wp-content\/uploads\/2017\/12\/Indiana-State-House-2.jpg?fit=259%2C194&amp;ssl=1\" data-orig-size=\"259,194\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Indiana State House 2\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.wvih.com\/wp1\/wp-content\/uploads\/2017\/12\/Indiana-State-House-2.jpg?fit=259%2C194&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/www.wvih.com\/wp1\/wp-content\/uploads\/2017\/12\/Indiana-State-House-2.jpg?resize=259%2C194\" alt=\"\" width=\"259\" height=\"194\" class=\"alignnone size-full wp-image-16973\" \/><br \/>\nA new Indiana revenue forecast projects the state will collect nearly $400 million less in tax revenue than lawmakers expected when they approved the $32.3 billion budget in April.<!--more--><\/p>\n<p>Officials told the State Budget Committee Monday (12\/18) that 70 percent of the anticipated revenue reduction is due to a sharp decline in corporate income tax collections since the budget year began in July.<\/p>\n<p>David Reynolds is a senior fiscal analyst for Senate Republicans. He says it&#8217;s clear that those revenues won&#8217;t increase as more businesses claim all the state tax credits they&#8217;re entitled to and take them immediately as refunds, rather than applying them to future tax liabilities.<\/p>\n<p>The forecast also eliminates more than $170 million in corporate income tax revenue from current budget year projections.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new Indiana revenue forecast projects the state will collect nearly $400 million less in tax revenue than lawmakers expected when they approved the $32.3 billion budget in April.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[59],"tags":[],"class_list":{"0":"post-16972","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-news","7":"entry","8":"has-post-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6aKAp-4pK","jetpack-related-posts":[],"jetpack_likes_enabled":true,"publishpress_future_action":{"enabled":false,"date":"2026-05-01 23:51:20","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.wvih.com\/wp1\/index.php\/wp-json\/wp\/v2\/posts\/16972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wvih.com\/wp1\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wvih.com\/wp1\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wvih.com\/wp1\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wvih.com\/wp1\/index.php\/wp-json\/wp\/v2\/comments?post=16972"}],"version-history":[{"count":1,"href":"https:\/\/www.wvih.com\/wp1\/index.php\/wp-json\/wp\/v2\/posts\/16972\/revisions"}],"predecessor-version":[{"id":16974,"href":"https:\/\/www.wvih.com\/wp1\/index.php\/wp-json\/wp\/v2\/posts\/16972\/revisions\/16974"}],"wp:attachment":[{"href":"https:\/\/www.wvih.com\/wp1\/index.php\/wp-json\/wp\/v2\/media?parent=16972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wvih.com\/wp1\/index.php\/wp-json\/wp\/v2\/categories?post=16972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wvih.com\/wp1\/index.php\/wp-json\/wp\/v2\/tags?post=16972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}