Note to the press: Please include the following statement from State Rep. Karen Engleman (R-Georgetown) in your coverage of Indiana Auditor of State Tera Klutz announcing the state will end the fiscal year with $1.1 billion more than expected in reserves, triggering an automatic taxpayer refund. While the final refund amount will not be calculated until later this year, early estimates suggest the refund could be as high as $170 per individual filer or $340 for joint filers. In Indiana, a state surplus of more than 10% of the next year's budget is required to be split, with half dedicated to pay down pension obligations and the other half given back to taxpayers. According to the report, about $545 million will go to taxpayers and another $545 million toward pension liabilities. This will be the second time Hoosiers will receive an automatic taxpayer refund since the law passed in 2011.
STATEHOUSE (July 14, 2021) – "As more and more businesses have fully reopened and people are back to work, Indiana's economy is reaping the benefits and now taxpayers will too. Today's announcement means Hoosiers can expect a larger refund the next time they file, which will be welcome news to so many families. This session, we passed a balanced budget that invests in students, teachers, public safety, infrastructure, economic development, our health, and much more. These investments are made while not growing government or spending more than we take in. And, we're paying off more than $1 billion in debt and already looking at how we can provide additional tax relief."
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State Rep. Karen Engleman (R-Georgetown) represents House District 70,
which includes most of Harrison County, along with portions of Clark and Floyd counties.
Click here to download a high-resolution photo.
