HB 1001 / Chamber Supports in Part Indiana’s updated state revenue forecast shows a shortfall of $403 million in the current fiscal year and a reduction of $1.97 billion over the next two fiscal years. Although revenue will continue to grow year over year, the pace of growth will fall far short of earlier projections. Slower job and wage [...]
The State Budget Committee received presentations this week outlining economic trends and how those trends will impact state revenues over the next two years. The state revenue forecast will inform lawmakers as they set spending priorities and craft a budget for the next biennium. In the weeks leading up to the end of the legislative session, the predictions will [...]
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