Indiana Tax Revenues Forecasted To Grow In 2011

By Scott Sarvay

December 16, 2010 Updated Dec 16, 2010 at 6:38 PM EDT

INDIANA (Indiana’s NewsCenter) - There appears to be good news and bad news about Indiana’s financial situation.

The good news is economists predict tax revenues will grow by about $1.5 billion over the next 2-years as the state economy improves.

But experts also warn the new growth won't be enough to overcome the structural deficit.

Indiana's budget director says the report shows state leaders still need to be frugal and keep spending under control.

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