Indiana is set to collect an additional $3 billion in the current budget than state fiscal leaders planned for, according to a new revenue forecast unveiled Thursday.
Yet House and Senate Republicans remain at an impasse over how to spend that money in the upcoming legislative session – a non-budget session.
The new forecast projects Indiana will end the next two fiscal years with unprecedented budget reserves – $5.1 billion and $4 billion, respectively.
House Republican fiscal leader Rep. Tim Brown (R-Crawfordsville) said his caucus will push hard in the 2022 session for tax cuts.
"This revenue forecast, I think, supports our position," Brown said. "We look forward to how citizens have worked hard and deserve a break."
