How does the Budget Agency estimate state revenue?

Published 01/28/2008 10:33 AM   |    Updated 08/31/2010 09:43 AM

How does the Budget Agency estimate state revenue?

Indiana uses a consensus forecasting process involving a group of individuals appointed by the legislative and executive branches.  This group develops statistical equations and other methods which best correlate state revenues to economic activity.  A separate group provides a forecast of economic activity for use in forecasting state revenue.

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