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Revenue Forecast Could Affect State Budget Proposal

By Brandon Smith

Posted April 16, 2015

Indiana lawmakers will have a little less money over the next two years than they'd hoped as they prepare to finalize the state budget.

The new state tax revenue projection says Indiana will take in about $213 million less than a December forecast predicted. But that drop is less than one percent of the $30 billion two-year budget the General Assembly will approve in the next two weeks.

And with such a small difference, House budget architect Tim Brown says he doesn't expect major changes to spending levels, particularly not on school funding.

"As we look at our priorities, we're going to look at K-12 as maintaining it as much as we can and we'll go from there," Brown says.

In a statement, Gov. Mike Pence said the new revenue forecast justifies his preference for cautious spending. Brown says the legislature and the governor's priorities mostly align.

"We're not that far off in our spending priorities, though I think we all feel very strongly we have to live within our means and that's the bottom line," Brown says.

Brown says he hopes to take public testimony on the budget Friday as the session nears its end.

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