Governor Eric J. Holcomb releases the following statement:
“I am pleased to see overall general fund collections are expected to continue their solid growth. Today’s revenue forecast shows the strength of Indiana’s employment landscape. Individual income tax collections, in particular, are expected to grow at a healthy pace even with the rate reductions taking effect January 1, which will benefit Hoosier taxpayers.
The Medicaid forecast reveals there is work to be done. We have begun a deep dive to understand the factors driving the spending increases and what is causing the unanticipated growth. In the meantime, we will be able to mitigate the fiscal impact while continuing to deliver needed services thanks to a healthy reserve.”