INDIANAPOLIS, Ind. (WIBQ) - The Indiana Fiscal Policy Institute said yesterday that despite spending cuts at the statehouse, more needs to be done. If that "more" isn't cuts, the state will be face to face with a nearly 1.5 billion dollar deficit.
So what will it take to fix Indiana's economy? The institute says a miracle; an economic 360. Otherwise, the legislature will have to consider a tax hike. The institute is suggesting the two taxes that could go up to fix the potential hole in the budget would be sales tax and come tax. Governor Mitch Daniels who is vehemently opposed to raising taxes, has not commented on the institutes's analysis.
