Howey Politics Indiana

INDIANAPOLIS - Indiana fiscal leaders found out the state was flush with cash on Thursday - more than $3.3 billion more than anticipated - creating what is expected to be a $5 billion surplus next year.

"Indiana's impressive fiscal outlook and the economic momentum behind it continue to outpace expectations," said House Speaker Todd Huston. "This momentum is fueled by so many hardworking Hoosiers and employers who proved their resiliency throughout the pandemic. Now, we find ourselves in a unique and enviable fiscal position that presents a wide range of unique opportunities. Looking ahead to this session, we're going to push hard for responsible and prudent tax cuts while maintaining our strong reserves, funding critical services and investing in our future." -

Said House Ways & Means Chairman Tim Brown: "Indiana's fiscal outlook is very positive, and I'm excited about the future. The additional tax revenue presents us with an opportunity to leverage our sound fiscal footing to transform our state. We wouldn't be in this strong position without hardworking Hoosiers who showed an unbelievable amount of grit during very challenging times. We're looking at a number of options, including a permanent tax cut that would put money back in the pockets of Hoosier taxpayers."

Senate Appropriations Chairman Ryan Mishler added, "Our state is currently on sound fiscal footing, and I'm pleased to receive another positive revenue forecast. Indiana's strong economic performance puts us in an enviable position to pay down historic amounts of state debt, which ultimately saves taxpayers money. Even amid this positive economic picture, we have the obligation to continue making sustainable spending decisions as we plan for Indiana's future, and I believe those types of discussions will be most appropriate in the context of the next state budget." 

Gov. Eric J. Holcomb said, “Today’s revenue forecast is great news and gives us a lot to consider in the months ahead. We’ve been very careful with how we’ve used fiscal resources to this point. And with constantly changing circumstances, we should evaluate all the information before adjusting or adding to our existing commitments.”