Note to the press: Please include the following statement from State Reps. Stephen Bartels (R-Eckerty) and Cindy Ledbetter (R-Newburgh) 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 15, 2021) – "Once we've funded our priorities, paid off debt and saved for a rainy day, our goal is to give the money back to the people, not grow the size of government. Hardworking Hoosiers and businesses are a driving force behind our economic boom right now, and it's great to know they'll be receiving refunds. Conservative Republican leadership continues to pay off for taxpayers and I look forward to exploring our options for tax cuts next session," said State Rep. Stephen Bartels (R-Eckerty).
"Not only did lawmakers make historic investments in Hoosier priorities this session, but now we are putting more money back in the pockets of Indiana taxpayers. This tax refund is just another victory for Hoosiers who have come to expect a fiscally responsible budget that pays down debt and saves for the next rainy day. Our conservative policies have propelled Indiana's economy forward, growing our economy beyond our expectations and laying the foundation for these refunds," said State Rep. Cindy Ledbetter (R-Newburgh)
-30-
State Rep. Stephen Bartels (R-Eckerty) represents House District 74,
which includes portions of Spencer, Dubois, Perry, Crawford and Orange counties.
Click here to download a high-resolution photo.
State Rep. Cindy Ledbetter (R-Newburgh) represents House District 75,
which includes portions of Pike, Spencer and Warrick counties.
Click here to download a high-resolution photo.
