Qaddoura Statement on Indiana Revenue Situation

Published On: December 16th, 2021Categories: Caucus, Fady Qaddoura

INDIANAPOLIS- The State Budget Committee heard testimony today that the state’s revenue is an unprecedented $3.3 billion above forecasts for the current budget cycle. The state will have reserves of $5.1 billion for this fiscal year and $4.1 billion in the next fiscal year. Senator Fady Qaddoura (D-Indianapolis), a member of the State Budget Committee, released the following response:

“Thanks to the American Rescue Plan and strong economic growth in our state, Indiana will have additional tax revenue available over the next two years. This is an unprecedented situation and the legislature should respond accordingly by re-opening the budget to address the needs of all Hoosiers.”

“We should consider strategic investments that will address chronic issues that have confronted Indiana for decades. The surplus gives Indiana a unique opportunity to fully fund public schools and pre-k, attract and retain teachers, enact targeted tax cuts to make the tax system fairer for all Hoosier families, eliminate childcare deserts, send more financial resources to cities to enhance public safety and reduce violent crimes, and increase funding for mental health services. As a fiscally responsible leader and a finance expert, I firmly support state-balanced budgets, healthy reserves, and a responsible spending plan. Given Indiana’s unprecedented fiscal position, this is the time to invest these funds strategically to address critical needs for all Hoosiers.”

View by Legislative Year

View by Current & Past Member