Porter reacts to state revenue forecast
INDIANAPOLIS – The Indiana State Budget Committee today met to receive the General Fund Revenue Forecast. These projections are used to determine the revenue available to fund the state’s biennial budget. Projections for the next two years show numbers nearly identical to current budget revenues despite economic adversity faced by the COVID-19 pandemic, $34.9 and $34.6 billion respectively.
State Representative Gregory W. Porter (D-Indianapolis) released the following statement on today's findings:
“Despite the economic and health challenges caused by COVID-19, I am pleased to see that Indiana's fiscal state remains strong,” Porter said. “For the first time ever, the state is estimated to have a record of three years of revenue growth exceeding $17 billion per year.
“Indiana House Democrats' takeaway is that the legislature has the economic means to provide real solutions and relief to struggling Hoosiers and small businesses. The pandemic has only exacerbated the problems facing our state, and we remain steadfast in our commitment to providing direct relief to people, increasing teacher pay and rebuilding our economy to work for all Hoosiers.”