News and Tribune

Floyd County

March 15, 2013

Pence talks income tax cut

Governor addresses New Albany Rotary

(Continued)

NEW ALBANY —

Financial forecasts expected to be received by mid-April will likely sway the vote, Grooms predicted. He said he’ll review the financial forecasts and the committee recommendations before making up his mind. 

“I think the process is moving along, progress is being made, and there will probably be some type of compromise that will come out of this,” Grooms said. 

Approving a budget is the primary job for legislators this year, and the issue will likely be debated up to the end of the session on May 1, Grooms continued. 

Pence also discussed his vision to support education, as he put special emphasis on technical and vocational training. 

Hoosiers need “career education” that will provide them with opportunities to advance in fields that best suit their skills, he continued. 

Pence said there’s “broad and bipartisan support” for improving vocational and technical training and education in Indiana. He cited  the River Ridge Commerce Center as the type of employment hub that needs a skilled work force. 

His budget calls for $18 million in adult education funding. 

Pence’s jobs budget also proposes spending $347 million in reserves on transportation and infrastructure projects. He said the fiscal plan will still leave a $238 million annual surplus in place despite the tax relief. 

With a strong financial standing, commitments to infrastructure projects and a possible reduction of income taxes, Pence said Indiana is on the cusp of transforming from a “good to great” state. 

“I like to say this is Indiana’s moment,” Pence said. 

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