Tax refunds bigger than expected for Hoosiers
INDIANAPOLIS, Ind. -- More than 3 million Hoosiers will get extra refunds this spring and it looks like they'll be bigger than expected.
Gov. Mitch Daniels signed a bill that automatically triggers refunds when the state surplus reaches a certain amount.
Lawmakers predicted the refunds would be about $50 per taxpayer, but Tuesday Daniels had an even better projection.
"We're raising our estimate of what this refund is likely to be. Something closer in the area of $70 an individual, $140 for a joint return,” said Daniels.
The bill also funds full-day kindergarten and puts extra money into retirement for teachers, state police and conservation officers.