The 2011 Indiana General Assembly has ended with passage of a $28 billion budget and other bills on the session’s final day. The spending plan approved by the Republican-controlled legislature includes more overall funding for education and the replenishing of the state’s budget reserves to just over $1 billion. The session included many legislative victories… Continue reading Indiana Lawmakers Approve Budget On Final Day Of Session
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… Continue reading Indiana Lawmakers Reach Tentative Budget Deal
Legislative leaders in Indiana say they’re close to agreement on a budget deal that would slightly increase overall education funding and leave the state with more than $1 billion in reserves at the end of the two year cycle. The House and Senate versions of the budget differ on what to do if the state… Continue reading Indiana Legislative Leaders Close To Budget Deal
Indiana lawmakers return to the statehouse today for the final week of the General Assembly Bills awaiting final action include a $28 billion two-year budget. Democrats are calling for the removal of a Senate budget provision that takes aim at boycotting lawmakers. It would allow constituents to file suit against legislators who walk off the… Continue reading Budget, Other Bills Await Indiana General Assembly Action
A $28 billion budget proposal has cleared the Indiana Senate today. It includes modest increases in school funding and no tax hikes. The Republican-controlled Senate voted 36-14 for the bill, which does not include a taxpayer refund provision that GOP Governor Mitch Daniels wants. Under the bill, any excess state revenues would be directed instead… Continue reading Budget Plan Clears Indiana Senate
The Indiana Senate Appropriations Committee has approved a new, two-year state budget. The spending plan was boosted by last Friday’s news that Indiana will take in nearly $650 million more in revenue than previously expected.
The spending plan advanced Friday by the House Ways and Means Committee keeps overall education funding at current levels but diverts more money toward school districts with growing enrollments.
The state started the new fiscal year with a healthy four-point-four percent increase in tax collections. The growth rate needed to balance the budget is four-point-two percent.
In a May special session, Kentucky lawmakers gave Gov. Beshear the green light to furlough state workers to help balance the budget. Soon thereafter, Beshear ordered both merit and non-merit employees to take six furlough days this fiscal year to save the state $24 million.
The new state budget approved in a May special session requires Gov. Beshear to make enough cuts to avoid a $1.5 billion budget shortfall. Beshear vetoed language requiring specific numbers of non-merit employees to be cut, saying he needed more discretion in how to make the reductions, but cuts are coming.