Strong state revenue growth may give Hoosier lawmakers more money to spend

INDIANAPOLIS — Hoosier lawmakers soon could find they have some extra money to spend in the two-year state budget, whose final details are being negotiated by a House-Senate conference committee.

Revenue data released Friday by the State Budget Agency shows Indiana tax collections, through nine months of the 2017 budget year, grew more than anticipated by the state revenue forecast released in December.

The forecast predicted year-over-year growth of just 1.5 percent.

In fact, between July 2016 and March, state revenue increased $317.3 million, or 3.1 percent, compared to the prior year.

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