A leading economist says The Hoosier State is “on solid footing” heading into the new year.
Last week, an economist gave a positive outlook to the State Budget Committee that outlined how Indiana was set up for the immediate future on all key economic indicators. That included payrolls, unemployment rates, wages, incomes, and consumer corruption.
The revised tax collection projections for Indiana added $1.87 billion to the first fiscal year of the budget, and another $1.43 billion in the second fiscal year.
You can find both the economic forecast presentation and the revenue forecast update at the State Budget Agency web site.
The presentations themselves are recorded and will soon be available to watch (go to the archived meeting video). If you watch the video, you will also hear the Medicaid forecast and a report from the Office of Management and Budget regarding federal legislation distributions.
Also helpful to getting the full fiscal picture are the surplus statement and combined balance Statement; these too are found online by clicking here.