Indiana faces $2.4 billion budget shortfall according to updated revenue forecast

Road Funding Debate Rolls On – WRBI Radio

(Statehouse) – Indiana House lawmakers are still debating a bill that could raise vehicle registration fees and add new charges for delivery trucks. House Bill 1461, which is still being discussed in committee, aims to bring in more money to fix roads and bridges across the state. One proposed change would raise vehicle registration fees by 10% over four years, starting in July 2025. Lawmakers say the current fees haven’t changed since 1996, desp

$2.4 billion revenue drop leaves Indiana lawmakers with few options

Lawmakers in Indiana want to avoid cutting critical services but budget realities could make that a tough promise to keep.

State revenue forecast meeting: Senate has to cut $2.4 billion from the budget

INDIANAPOLIS State lawmakers said there's a lot of uncertainty surrounding the economy, resulting in major cuts in the state's budget. As they prepare to finalize the state's budget, this move is very concerning."When the US gets a cold, Indiana's got pneumonia," Representative Gregory Porter (D) of District 96 said. "We got pneumonia because we're a manufacturing state. And with the tariffs and other issues out there, the federal government rig…

Indiana faces $2.4 billion budget shortfall according to updated revenue forecast

​INDIANAPOLIS--- According to Indiana’s latest revenue forecast, state lawmakers now have a $2.4 billion budget shortfall on their hands with less than two weeks to go before the legislative session concludes. “Everything’s on the table,” said State Sen. Ryan Mishler (R-Mishawaka), the Senate appropriations chairman. “I’m not being sarcastic…In the 21 years I’ve been here, and I was here during the recession in ’08 and [the] ’09 budget—this one …

Indiana faces $2 billion revenue gap amid tariffs and federal uncertainty

Indiana lawmakers will have to find $2 billion to cut from the two-year state budget before the legislative session ends next week.

Tax, Cut and Freeze

Indiana lawmakers will spend the last few days of the 2025 session looking for ways to close a $2.4 billion budget shortfall and everything, they say, is on the table, for the most part. Lawmakers learned of the shortfall this week. Options to close the gap run the gambit from raising cigarette and alcohol taxes, putting scheduled income tax cuts on hold, and although unlikely, legalizing marijuana.  Republican lawmakers will spend the weekend l…