May 25, 2022

Holcomb plans to pitch inflation relief after May revenue numbers come in

Listen at IPB News

Article origination IPB News
With just two months left in the current fiscal year, Indiana is on pace for budget reserves that could top $6 billion. - Lauren Chapman/IPB News

With just two months left in the current fiscal year, Indiana is on pace for budget reserves that could top $6 billion.

Lauren Chapman/IPB News

Gov. Eric Holcomb said he agrees with legislative leaders who are reluctant to pause the state’s gas tax. But he said he’s planning on working with the General Assembly on inflation relief for Hoosiers.

Republican legislative leaders have been consistently against using the state’s budget surplus on temporarily halting Indiana’s gas tax. For every gallon Hoosiers spend at the pump, 32 cents goes back to the state.

And with just two months left in the current fiscal year, Indiana is on pace for budget reserves that could top $6 billion.

 

Join the conversation and sign up for the Indiana Two-Way. Text "Indiana" to 73224. Your comments and questions in response to our weekly text help us find the answers you need on statewide issues.

Holcomb said he wants to see the state’s revenue report for May, and then send a plan to the General Assembly.

“I want to make sure the relief gets exactly to Hoosiers who are feeling the sting of this national inflation,” he said.

The governor said that could mean a special session for lawmakers to pass that relief. He anticipates that plan will go to lawmakers in early June.

Contact Lauren at lchapman@wfyi.org or follow her on Twitter at @laurenechapman_.

Copyright 2022 IPB News. To see more, visit IPB News.
Support independent journalism today. You rely on WFYI to stay informed, and we depend on you to make our work possible. Donate to power our nonprofit reporting today. Give now.

 

Related News

‘I know America’: Indy Black women are unsurprised, but hurting
Corn stover could be key to a more climate-friendly fuel in Indiana
Braun says decisive victory gives him 'platter of opportunity' to tackle policy challenges