Local News

Hoosier Money Matters

(Indianapolis, IN) - The state of Indiana has turned the spigot back on for increased unemployment payments from the federal government.  After opting out of the funding program in June, a court ordered the state to resume the extra $300 payments, which it did on Friday.


According to the Indiana Department of Workforce Development, 25,000 payments totaling more than $33 million went out to unemployed Hoosiers.  Thousands of more payments are expected in the coming days.


In related news, Hoosier taxpayers can expect a refund from the state.  Tax revenues have exceeded projections due to a stronger-than-expected economic bounce-back from the pandemic. In addition, the state’s record-high $3.9 billion cash reserve triggers an automatic refund to taxpayers totaling $545 million.


The amount of the refund, which will be applied to next year’s returns, won’t be known until the state determines the number of tax filers.

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