As you know, Hoosiers will be seeing a little bump in their tax refunds next year.
That’s because the state’s surplus has ballooned to the point that triggers an automatic refund of some of that money.
Experts says each Hoosier should get roughly $170 each back.
But how could this have happened after a pandemic year?
Chris Watts with the Indiana Fiscal Policy Institute says the enhanced unemployment benefits kept spending high.
The fact that Indiana taxes those benefits brought in more money in income taxes.
