Slower Growth Could Mean Cuts for New Indiana Budget

INDIANAPOLIS (AP) – The Indiana Legislature's budget writers say they'll look for ways to trim the new state spending plan because of slower than expected growth in tax collections.
 
An updated revenue forecast given to lawmakers Thursday lowers expected state revenue by about $213 million over the next two years. State revenue is still expected to increase by about 3 percent during that time, but that's less than the growth that had been projected while legislators worked on budget proposals.
 
House Ways and Means Chairman Tim Brown says a priority will be protecting increased school funding. Both House and Senate budget proposals call for 2.3 percent school funding increases.
 
Gov. Mike Pence says he'll continue to urge caution in preparing the budget.
 
Legislators have until April 29 to reach a budget deal.