Recession Recovery and Indiana Government Budgets
Instructor: Professor Larry DeBoer, Purdue University, Agricultural Economics
When: Wednesday, December 16, 2009 from 2:00p.m. - 4:30p.m. EST
Where: This program will be delivered via video streaming and can be viewed from multiple locations across the state. Below are listed local locations and contact information.The workshop can also be viewed live on the web via desktop computer at
Who Should Attend: All individuals involved in county, local and state government budgeting (county councils and commissioners, mayors and city councils, town boards, school boards, library boards, townships, state legislators, etc.)
Cost and Registration: The workshop is free.
Why:The recession may be over, but the economy is not out of the woods. Neither is Indiana’s state budget. In the first four months of the fiscal year, revenues fell short of projections by more than $300 million. The Governor ordered more spending cuts. Meanwhile, property values are falling, which will affect local property tax revenues in 2010 and 2011. Local income tax revenues are falling, and are likely to fall more in 2011. The new tax caps are tightening, and so are the traditional maximum levy limits. These will restrict property tax revenues for many years to come.
Professor Larry DeBoer of Purdue University will discuss these issues and more in an on-line broadcast, part of Purdue Extension’s “On Local Government” series. He’ll address the economic outlook for the U.S. and Indiana. He’ll look at the condition of and outlook for the Indiana state budget. And he’ll review how the property tax reforms affected taxpayers and local governments in 2009, and what’s ahead for 2010.
