Mistake Costs Cities & Counties Millions In Tax Money

Cities and counties across Indiana will apparently begin their 2019 budget process with millions of dollars less than originally thought.  That’s because county income tax collections are lower than forecast.

Officials with the State Budget Agency released its estimates on June 1st, but now say tax revenues were off by more than 69-million dollars.

Government officials say the miscalculation was unusual, because the state is typically spot-on or even often prone to “under-estimating” revenues.

Officials say to find the mistake this late in the year will make things difficult as agencies are now being asked to go back and find ways to cut their budgets just days before they’re presented to their respective councils.