Note to the Press: Please include the following statements from House Speaker Todd Huston (R-Fishers) and State Rep. Tim Brown (R-Crawfordsville), chair of the House Ways and Means Committee and member of the State Budget Committee, in your coverage of the December's revenue forecast released during Thursday’s State Budget Committee meeting. Today's revenue forecast revealed that the state is expected to collect about $3.3 billion more in revenue over the biennium than what was projected under the April 2021 revenue forecast. With the new revenue forecast, total reserves could exceed $5 billion at the end of fiscal year 2022:
STATEHOUSE (Dec. 16, 2021) – "Indiana's impressive fiscal outlook and the economic momentum behind it continue to outpace expectations. 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 Speaker Todd Huston (R-Fishers).
"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," said State Rep. Tim Brown (R-Crawfordsville).
-30-
House Speaker Todd Huston (R-Fishers) represents House District 37,
which includes portions of Hamilton County and Fishers.
Click here to download a high-resolution photo.
State Rep. Tim Brown (R-Crawfordsville) represents House District 41,
which includes portions of Boone, Montgomery and Tippecanoe counties.
Click here to download a high-resolution photo.
