Next state budget dominates legislative preview

The next Indiana state budget dominated a legislative preview by the Indiana Chamber of Commerce in Indianapolis today.  The Indiana Fiscal Policy Institute forecasts the state will have about thirteen and a half billion dollars of revenue… but up to fourteen and a half billion dollars of obligatory expenses.  State legislators will need to make up the difference… but Governor Mitch Daniels and Indiana Republican Brian Bosma – the next Speaker of the Indiana House – have pledged not to raise taxes.  Bosma says he wants to protect K through 12 education funding… but everything else is under scrutiny.

Bosma on State Spending

The current state budget includes a billion dollars of state reserves… plus more than two and a half billion dollars in federal stimulus money.

For more information from Indiana Public Broadcasting, please visit their news blog.

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About iprsteph

IPR's "All Things Considered" host, reporter, and producer
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