With Indiana experiencing a slight budget shortfall, is this a minor blip or a warning sign that something bigger is coming?

At the April revenue forecast hearing last week, lawmakers were told the state will have $35 million fewer dollars to spend over the next biennium and while at the same time seeing about a $100 million increase in Medicaid costs.

Indy Politics spoke with Chris Watts, the new director of the Indiana Fiscal Policy Institute to talk about how that shortfall occurred, how it will impact state finances and most importantly if this is just the beginning of a rocky financial road trip.

You can hear Watts in the Leon-Tailored Audio above.   It runs for about 17 minutes.