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Rosy revenue forecast despite economic uncertainty

18 Dec 2016 3:32 PM | Administrator (Administrator)

Indiana's State Budget Committee got a dose of good news despite a revenue forecast revision downward by $300 million for the current fiscal year.

While uncertainty remains when it comes to the economy, forecasters predict 2.9 percent growth in the Indiana's gross state product during 2017 and 3.9 percent growth will produce more than $1 billion in new tax revenue available for the next two-year budget. 

An analysis by the Indiana Fiscal Policy Institute underscores the rationale behind the forecast and what it means for legislators as they prepare to formulate a new budget beginning in January. 

Indiana Fiscal Policy Institute

One American Square Suite 150
Indianapolis, IN 46282

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