Indiana Lawmakers Reach Tentative Budget Deal

Indiana legislative leaders have reached a tentative budget deal.

House Speaker Brian Bosma says budget negotiators have worked out differences on major issues. They plan a budget committee meeting later today to outline details of the $28 billion plan.

Republican House Ways and Means Chairman Jeff Espich says the budget will give schools slight funding increases and leave the state with more than $1 billion in reserves.

Lawmakers said they were working on a hybrid plan to merge House and Senate proposals on what to do with extra state money. The House wants a taxpayer refund, while the Senate wants to pay down unfunded pension liabilities.

(Information for this story came from the Associated Press)