Flatline In Next Indiana State Budget, Despite Cautious Optimism From Fiscal Leaders
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Article origination IPBS-RJC
From left, House Ways and Means Chair Rep. Tim Brown (R-Crawfordsville), Office of Management and Budget Director Cris Johnston and Senate Appropriations Chair Sen. Ryan Mishler (R-Bremen) discuss the latest revenue forecast.
Brandon Smith/IPB News
There will likely be little to no new money for schools, state programs and agencies in the next Indiana state budget. Lawmakers predict a “flatline” in the budget’s first year after the latest revenue forecast.
The new forecast projects Indiana will have about $360 million in increased revenue over the next two-year state budget, compared to the current budget. That would be a boost of barely one percent.