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BACK TO YOU GUYS IN THE STUDIO.
Eric: THAT'S QUIET.
THANKS A.C.
INDIANA TAX REVENUES EXCEEDED
EXPECTATIONS.
THAT MEANS THAT THE STATE IS ON
ITS WAY TO A BIG BUDGET SURPLUS.
JIM SHELLA IS HERE TO EXPLAIN
WHAT THAT MEANS TO YOU.
Reporter: IT COULD MEAN A
TAXPAYER REFUND IN 2014 TO
FOLLOW THE TAXPAYER REFUND THAT
IS CURRENTLY IN THE WORKS FOR
2013.
IT COULD MEAN MORE STATE
SPENDING AND POTENTIALLY NEW
STATE PROGRAMS.
SEPTEMBER TATE REVENUES,
$23 MILLION ABOVE THE TARGET.
THAT'S 1.7% ABOVE THE FORECAST.
FOR THE FIRST THREE MONTHS OF
THE FISCAL YEAR THE STATE IS
$51 MILLION AHEAD OF
PROJECTIONS.
IT'S A 5.2 PERCENT'S OVER LAST
YEAR.
THE GOVERNMENT IS LOOKING AT THE
END OF THE FISCAL YEAR AND THE
POSSIBILITY OF MORE REFUNDS.
BUT IT'S CLEAR THAT FOR THE
MOMENT THE THREE MONTHS IN WE'RE
A LITTLE AHEAD OF THE PROJECTED
REVENUE, AND IF THEY FINISH THE
FISCAL YEAR AT THE PROJECTED
REVENUE, IT'S ESTIMATED WE'LL BE
BACK IN THIS SITUATION WITH A
COUPLE OF BILLION DOLLARS OF
RESERVES WHICH WOULD BE ENOUGH
AT THE SAME TIME WE'LL LOOK
AT STRATEGIC RESTORATION AND
STRATEGIC INVESTMENTS.
Reporter: THAT'S THE HOUSE
SPEAKER YESTERDAY SAYING IT MAY
BE TIME TO CONSIDER MORE
SPENDING.
IT'S THE FOUNDATION FOR THE
DEBATE IN THE GENERAL ASSEMBLY
OVER HOW MUCH TO SPEND AND HOW
MUCH TO SAVE, AND THIS TIME