Leaders Urge Caution Despite State Revenue Gains

The state collected $22 million more in revenue than expected in December.

money

Photo: 401K 2012 (Flickr)

Van Netta is accused of using the money to buy a $550,000 yacht, and several properties in Seymour, Evansville, and Fort Wayne.

It’s halfway through the fiscal year and Indiana state revenues are still robust, with another strong showing in December. The state collected 22 million dollars in revenue more than expected last month.  And through six months of the fiscal year, state revenues are more than double the amount needed to meet the most recent forecast.  Senate Appropriations chair Luke Kenley says he imagines continued positive fiscal news might cause greater cries for a significant spending increase in the budget being written this session.  But he says the state needs to hit the brakes on spending because he’s worried about another potential recession on the horizon.

“I was bitten hard enough by the last recession that I’m pretty cautious about deciding to spend more money unless we can see an actual, constructive need for the spending,” said Kenley.

Fiscal leaders in both houses say they’re placing great importance on the upcoming April revenue forecast as a more up-to-date guideline for how they can spend the state’s money the next two years.

Brandon Smith, IPBS

Brandon Smith, IPBS has previously worked as a reporter and anchor for KBIA Radio in Columbia, MO, and at WSPY Radio in Plano, IL as a show host, reporter, producer and anchor. Brandon graduated from the University of Missouri-Columbia with a Bachelor of Journalism in 2010, with minors in political science and history. He was born and raised in Chicago.

View all posts by this author »

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Support For Indiana Public Media Comes From

Search News

Stay Connected

RSS e-mail itunes Facebook Twitter Flickr YouTube

Follow us on Twitter

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Recent Politics Stories

Recent Videos

Find Us on Facebook