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New state revenue forecast will lead to funding changes

April 17, 2019

INDIANAPOLIS - Lawmakers will have to adjust their budget priorities by about $100 million following an updated revenue forecast Tuesday.

The analysis shows tax collections growing, but at slower rates than initially forecast in December : a drop of about $30 million in revenue.

On top of that, an updated Medicaid forecast shows increased net expenses of about $65 million.

That equals about 34.6 billion budget expected to be approved next week.

“This does change things a little bit,” said Senate budget steward Sen. Ryan Mishler, R-Bremen. “We will see what we’re willing to cut out.”

nkelly@jg.net