State Budget Director Chad Ranney, right, speaks with reporters alongside House Ways and Means Chair Jeff Thompson, left, and Senate Appropriations Chair Ryan Mishler on Thursday, Dec. 18, 2025. (Photo by Tom Davies/Indiana Capital Chronicle)
Indiana’s state budget surplus could grow to nearly $5 billion by the middle of 2027 under new and much rosier tax revenue projections.
An updated report presented Thursday to the State Budget Committee forecast tax collections growing by 4.2% this fiscal year and by 2.7% the following year…