News » Local

New Indiana State Budget: Billion Dollar Reserve Protected

By Scott Sarvay
June 18, 2010 Updated Jul 2, 2009 at 12:06 PM EST INDIANAPOLIS (Indiana's NewsCenter) - The process to pass Indiana’s new budget required tough concessions from both Republicans and Democrats. But Republicans are relieved the negotiations left the state's billion-dollar surplus intact. Governor Mitch Daniels had pushed hard for maintaining a sizeable rainy day fund, claiming it was necessary to safeguard the state against falling tax revenues. Fort Wayne lawmaker Randy Borror felt the same way. Borror says, "You always like to spend money if you're a legislator, uh, but quite frankly, these times just...you can't do that." The budget was signed into law Tuesday night, right before the deadline to pass it, keeping state government services from shutting down.
(© Copyright 2009 Indiana's NewsCenter. All Rights Reserved.)

RSS Stay up to date, subscribe to the Local & Regional RSS Feed. Click to find out about RSS.

What are your thoughts on this story? CLICK HERE to leave us "Your 2 Cents."


What are your thoughts CLICK HERE to leave us a "Your2Cents” comment.

Want to be in the know for the next weather event, the next school closing or the next big breaking news story?

TextCaster alerts from Indiana's NewsCenter are your defining source for instant information delivered right to your cell phone and email. It's free, easy and instant. Sign-Up Now!
Powered by Summit City Chevrolet



© Copyright 2011 A Granite Broadcasting Station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

To submit a comment on this article, your email address is required. We respect your privacy and your email will not be visible to others nor will it be added to any email lists.