Ind. governor targets colleges for $150M in cuts - MIKE SMITH, Associated Press

State tax collections were once again significantly below projections in November, prompting Gov. Mitch Daniels to announce more budget reductions, including $150 million in cuts to Indiana's public colleges and universities. Daniels also said a $15 biweekly matching contribution to state employees for deferred compensation retirement accounts will be suspended in 2010, and the Department of Administration has been ordered to further reduce the number of state-owned vehicles. "We find these moves very unwelcome but we will do what is necessary to protect the taxpayers of Indiana against the severe service disruptions or the tax increases that are happening in almost every other state," Daniels said.