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Revenue Surplus Could Mean Money In Your Pocket

Last updated on Wednesday, April 17, 2013

(TERRE HAUTE) - Tuesday, the state of Indiana received its revenue forecast for the next three years.

Matt Gregory of WTHI reports that's the amount of money that state hopes to bring in over that time. The surprisingly good news actually puts the state at a crossroads? Give the money back to taxpayers or fix roads and schools?

Given the choice would you rather have 200 dollars in your pocket? Or would you like to see millions of dollars poured into public schools and state roads?

If you find it difficult to answer that's ok. That's exactly what your legislators are deciding for you right now in Indianapolis.

Tuesday the state received positive news on expected revenue for the next three years. The forecast said taxes could bring in around 290 million extra dollars in that time.

Governor Mike Pence is hoping that those positive revenue numbers will allow him to add his 10 percent tax cut into the upcoming budget.

For perspective on what you could expect, the plan says that a family of four making over 60-thousand dollars can expect around 200 dollars back from taxes.

What will the people you elected to make those decisions decide?

This week your representatives are in Indianapolis and the only way to contact them was by phone.

Starting with local representative Clyde Kersey, a Democrat, he said he would like to see the surplus money spent elsewhere.

"I think we need to pay that back before we start thinking about a tax cut," Kersey said. "We need to fully fund our public schools and universities. "

"We need to put as much money as we can into road and streets."

Across the aisle, but still in your area; Republican Alan Morrison looks at the increased revenue in a similar way.

"I fully support Hoosiers keeping more money in their pockets," Morrison said. "But I've heard from a lot of constituents who want us to fund education and infrastructure properly."

Two important opinions that will be voting to either put money in your schools or in your wallet.

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