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February 26, 2013

Indiana House approves $30B GOP budget plan

(Continued)

INDIANAPOLIS —

Leaders in both chambers have held some cards tight in the ongoing budget negotiations, saying updated tax collection forecasts due in April will give them a better idea about what the state could afford over the next two years. 
Budget writers are working with a roughly $500 million budget surplus each year and roughly $2 billion in cash reserves left by former Gov. Mitch Daniels. But they are also facing pressure from many, including local and county leaders who slashed budgets during Daniels’ tenure, to restore spending cut during the recession.

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