Sen. Messmer: Hoosiers to Receive Tax Refund

Indiana's economy has continued to improve faster than most other states in the nation. In fact, state revenues for the most recent fiscal year came in more than $1.1 billion higher than expected, which has triggered an automatic taxpayer refund. This means Hoosier taxpayers will receive a tax credit when they file next year.

The automatic taxpayer refund is made possible thanks to a law championed by Statehouse Republicans several years ago that says when state reserves get to a high level, it's time to return some of that money back to our hardworking Hoosiers. While we don't yet know how much each taxpayer will receive, in total, about $545 million will be returned to taxpayers.

It is incredibly encouraging to see Indiana's economy bounce back in such a quick and strong manner. This is a testament both to the resilience of Hoosiers and the fiscal discipline we have exercised as a state.