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The State of the Hoosier State to Focus on Economy

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Indiana Governor Mitch Daniels gives his annual State-of-the-State address this evening from Indianapolis. The speech comes just a day after Daniels was sworn in for his second four-year term.

Daniels says he originally wrote this address over the Thanksgiving holiday. Since then, it’s needed some tweaking, as the economy continues to pound away at manufacturing jobs in Indiana. In the past 24 hours, 300 more manufacturing layoffs have been announced in the Hoosier state, including 125 in nearby Elkhart County, pushing the total to 30,000 over the past year. Indiana’s unemployment rate stood at 7.1 percent in November, a percentage point less than the national average. New numbers come out next week and it’s expected the number will rise.

Still, Daniels says Indiana is better off than most states because of fiscal prudence. Daniels is expected to call for permanent property tax caps, welcome news for homeowners, but maybe not for local governments for whom the caps mean finding ways to do with much less money.

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