Home Political News Gov. Holcomb Issues Statement On The 2022 State Fiscal Year Close-Out

Gov. Holcomb Issues Statement On The 2022 State Fiscal Year Close-Out

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Mandatory Credit: Photo by Darron Cummings/AP/Shutterstock (11717541e) Indiana Gov. Eric Holcomb delivers his State of the State address virtually, in Indianapolis State of the State, Indianapolis, United States - 19 Jan 2021

INDIANAPOLIS — Governor Eric J. Holcomb offered the following statement regarding the 2022 state fiscal year close-out with $6.1 billion in reserves.

“Indiana’s economy is growing at an unprecedented rate due to the lowest unemployment rate in state history, higher-than-expected income tax revenues, and growing our state’s GDP at a faster rate than the national average while meeting the essential needs of Hoosiers. 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 for K-12 education, and another round of funds dedicated to the READI program to help local communities improve their overall quality of life.

I want to thank state fiscal leaders for their continued fiscal diligence that will benefit Hoosiers for years to come.”