INDIANAPOLIS — Lawmakers will likely have less money to spend on child services and education than they’d hoped for when they start drafting Indiana’s next two-year budget. And that’s despite a promising new state revenue forecast.

State fiscal analysts say that state revenues will increase by $442.8 million in 2020 and $386 million in 2021 but even though more money is coming in, funding for the Indiana Department of Child Services and a jump in Medicaid expenses are projected to consume nearly all of that.