State Revenue Forecast Not as Bad As Expected

While the State Revenue Forecast shows a faster economic recovery than the national level, Indiana’s two-year budget will be flat.

Indiana lawmakers got a December prediction for state revenues.

After adjusting for moving tax deadlines, the state projects an extra $377 in revenue in year one of the new budget and  $521 million in year 2.

However, the coronavirus pandemic has led to Indiana spending $1.2 billion more on Medicaid in the current two-year budget than forecasters expected a year ago.

You can hear OMB Budget Director Chris Johnston,  House Ways and Means Chairman Dr. Tim Brown, and Senate Appropriations Chairman Ryan Mishler in the Leon-Tailored Audio above. 

It runs for about 15 minutes.