Even with the Indiana economy continuing to gradually reopen, government officials are expecting the COVID-19 shutdown to lead to reductions in tax revenues over the coming years.

On May 22, Gov. Eric J. Holcomb requested the State Budget Agency begin planning to cut appropriations for state agencies by 15 percent for fiscal year 2021 due to the drop in state revenues that was first reported in April and should continue in the coming months, according to a press release.

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