Photo: Emily Penguin (flickr)
One of the last key pieces of information in budget negotiations was unveiled this week as Indiana’s new revenue forecast revealed a more positive outlook for the state. But legislative leaders say caution is still needed.
House and Senate fiscal leaders had talked for months about the importance of the April revenue forecast in determining the final budget picture and the fate of Governor Mike Pence’s 10 percent income tax cut.
The projections are strong – nearly $300 million better than the December forecast for the next two year.
Pence says the new numbers are proof that Indiana’s budget can include both strong increases for education and roads funding and his tax cut. But lawmakers downplayed the significance of the forecast and say the final budget will probably have around $500 million in a mix of tax cuts, likely ruling out Pence’s full ten percent cut.
The House sent legislation strengthening the state’s antibullying laws to the governor. The bill broadens the definition of bullying to include more than just physical acts and incorporates cyberbullying.
The Senate approved a measure that restricts Hoosiers from buying more than eight months worth of ephedrine or pseudoephedrine, common ingredients in cold and allergy medicine that are used to make meth. Previously, the state had only daily and monthly caps. The bill now heads to the governor’s desk.