IBJ Podcast: The state has $6.1B in reserves. What will lawmakers do with it?

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Lawmakers are preparing to return to the Statehouse next week for a special session that will focus on two key issues: abortion and how to spend some of the state’s $6.1 billion the state has in reserves.

That’s right—$6.1 billion. That huge balance in the state’s reserve accounts is the result of higher than expected tax receipts as well as pandemic relief money the federal government sent to the state. Gov. Eric Holcomb wants lawmakers to send some of that money back to Hoosiers in the form of $225 tax refund checks.

In this week’s podcast, IBJ Editor Lesley Weidenbener—in for vacationing host Mason King—talks about the upcoming session with Peter Blanchard, IBJ’s new Statehouse reporter, and managing editor Greg Weaver, who has spent much of his career writing about and editing reporters who cover Indiana politics.

Click here to find the IBJ Podcast each Monday. You can also subscribe at iTunesGoogle PlayTune In, Spotify and anyplace you find podcasts.

You can also listen to these recent episodes:

IBJ Podcast: Pete the Planner says the best thing to do now is ‘stop spending money’

IBJ Podcast: What lies beneath downtown’s Diamond Chain site?

IBJ Podcast: Ryan Vaughn talks sports, tech and whether he might someday run for mayor

IBJ Podcast: Examining the $175M plan for downtown’s City Market block

IBJ Podcast: Is a funding slowdown hitting the local tech sector?

Looking for another podcast to try? Check out IBJ’s The Freedom Forum with Angela B. Freeman, a monthly discussion about diversity and inclusion in central Indiana’s business community.

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2 thoughts on “IBJ Podcast: The state has $6.1B in reserves. What will lawmakers do with it?

  1. What a great problem to have… too much money!

    The State Legislature should allocate a portion of of the funds towards Infrastructure. Indiana, the Crossroads of America, should have some of the best roads in the nation. I have seen significant improvements on our highways and in rural areas, but downtown Indianapolis needs some help.

    Drivers should not need to complete very dangerous maneuvers to avoid a pothole. Take some money and give it to the City of Indianapolis – they desperately need it. With better roads and sidewalks, Indianapolis can better continue being the states main economic engine. Also, some investment in Public Transportation would be a great help too… Purple and Blue Lines!!