Potential Tax Increases In Indiana
Wednesday, June 24, 2020

You should be looking for the state to try and make up for some serious budget shortfalls in ways that might involve your money in one way or another which could mean raising taxes in the near future.

Indiana Governor Holcomb has already asked state agencies to curb their budgets by 15 percent, but some big expenses are coming and because of the pandemic, more people will likely be signing up for Medicaid, which will put even more strain on the budget.

The state has gone from a $2-billion surplus to being “in the hole” in a matter of months. That will affect all government programs, including schools, though those schools have been promised their full money for now.


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