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Indiana has $200 million more coming in than originally estimated

By Shelby Mullis TheStatehouseFile.com INDIANAPOLIS — An unanticipated surplus in the state’s estimated revenue could be what Sen. Luke Kenley, R-Noblesville, calls an “appropriate cushion” for Indiana’s two-year budget. The revenue forecast, presented to the State Budget Committee Wednesday by a bipartisan group of analysts, revealed nearly $200 million in additional revenues in fiscal years […]

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State expects less revenue in 2017 than originally forecast

By Adrianna Pitrelli TheStatehouseFile.com INDIANAPOLIS — The General Assembly will have less money to work with in the upcoming fiscal year than they previously planned. “The committee has lowered the fiscal year 2017 forecast by nearly $300 million as compared to the December ’15 forecast,” Ben Tooley, Director of Fiscal Policy for the House Republicans, […]

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Projections: Tax revenue will be $213 million less for next budget

By Lesley Weidenbener TheStatehouseFile.com INDIANAPOLIS – State lawmakers will have about $213 million less to spend during the next two years than they thought when they started working on the 2016-2017 budget. That’s a drop of less than 1 percent each year, according to a revenue forecast the State Budget Committee received Thursday morning. So […]