Gov. Holcomb is making plans for our unprecedented surplus





 

Hey John,



Thanks to Hoosiers who are investing their time and talent right here in
Indiana, our economy is booming.



When the state closed its fiscal books on June 30, Indiana collected $1.24
billion dollars more than was last forecasted. And while Indiana has made
record investments in education, regional economic development initiatives,
broadband, trails, and paid off 26% of debt obligations, our state now has over
$6 billion in reserves.



John, after all of this critical investment and strategic financial
allocation, our state is experiencing thelowest unemployment rate Indiana has
ever seen, higher rate of GDP growth than the national average, and tax
revenues outpacing projections.



Last week, Gov. Holcomb reiterated his eagerness to return $1 billion from
the reserves back into the hands of Hoosier taxpayers and continue to make
critical investments in our great state:



“I have called a special session to return $1 billion to taxpayers because it
can’t wait until next year as we all face rising inflation costs. I plan to
present a biennium budget that will address more support for our public health
system, salary increases for state employees, additional funding in K-12
education and another round of funds dedicated to the READI program to help
local communities improve their overall quality of life.” –Gov. Holcomb



Eric is thankful to state financial leaders for their continued fiscal
diligence that will benefit Hoosiers for years to come.



As always, thanks for your continued support and hard work that has led to
this monumental achievement.



– Your Holcomb Crew









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