The new forecast projects the state will bring in nearly 400 million dollars less than expected in the current two-year budget cycle.
The forecast delivered to the State Budget Committee projects about $200 million dollars than the forecast from December.
House lawmakers rejected an attempt to get rid of the state’s moratorium on new nursing home construction.
House Republicans made a change to their road funding bill that would open a $600 million hole in the next state budget.
Top fiscal lawmakers say the potential impact of Donald Trump’s proposed reforms could upend the new state budget they’ll write early next year.
Indiana’s infrastructure task force approved recommendations that include raising taxes to generate funds for roads and bridges.
Some lawmakers preached caution during the schools’ presentations, sounding rather pessimistic about how much money the state will have in its new budget.
Rep. Tim Brown, R-Crawfordsville, says the priority next session will be paying for roads and bridges, not for what he calls “underground infrastructure.”
State lawmakers are beginning to study ways to fund infrastructure into the future.
The new state tax revenue projection says Indiana will take in about $213 million less than a December forecast predicted.