There’s growing — if cautious — optimism about Indiana revenues as lawmakers craft the next state budget. As we wait for the Senate’s take on HB1001, we also approach the one-year mark for COVID restrictions hitting our economy and tax collections. But early fears of an extended period of pandemic-induced austerity have eased — and the past week brought more reason for guarded relief about the scale of Indiana’s fiscal challenges (at least over the next two-year budget cycle).

The February state revenue report released Friday exceeded monthly expectations by nearly $150 million, based on the December ‘20 revenue forecast…

Indiana Fiscal Policy Institute

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