Positive revenue forecast heading into legislative home stretch
04/13/2017

On Wednesday, Indiana’s revenue forecast team presented an updated revenue forecast to House and Senate budget leaders. Per estimates, Indiana should expect to receive an additional $200 million over the biennium from the prior December 2016 forecast. The overall economic outlook both for the state and nation leaves room for cautious optimism. 

A conference committee for HB 1001 met Wednesday following the revenue forecast to take testimony on the House and Senate budget bills. ISTA testified in favor of the overall funding levels in the Senate version of the HB 1001, but also asked for additional funding for K – 12 tuition support. 

The differing versions of the budget bill impacts what is left in the state’s general fund available to public schools and other public services.

The conferees will largely continue the work on the budget behind closed doors and part of the puzzle involves coming to agreement on the major roads bill (HB 1002).

Stay tuned for updates on the budget and other statehouse action by following ISTA on Twitter at @ISTAmembers.