The Senate GOP budget leaves out a key priority of Governor Eric Holcomb’s – reinvesting money in a state trust fund. But the Senate budget did include two Holcomb initiatives dismissed by House Republicans.
Holcomb wants to reinvest half of the state’s $500 million Next Generation Trust Fund in Indiana companies and entrepreneurs. He says changing that investment strategy is key to the state’s economic development.
“If we’re going to continue to lead and not lag, then it’s exactly these types of investments we need to be making. And [that message] is resonating,” Holcomb says.
Not resonating enough with the Senate GOP, though, as they balked at what they say are riskier moves.
But the Senate budget did provide money to subsidize direct international flights at the Indianapolis Airport and to fund continued progress in the Regional Cities Program.The House budget left those out.
Speaker Brian Bosma (R-Indianapolis) says he’s encouraged the governor to better articulate the need for those dollars.
“Not every member has seen it…surely didn’t see it during Ways and Means hearings on the issue, so I think things will come together in that regard,” Bosma says.
Other Holcomb priorities missing in the budget include doubled funding for pre-K.
CORRECTION: A previous version of this story included upgrades to the Department of Revenue’s computer system. That is incorrect. Those funds are in the Senate’s version of the budget; they were put in a separate line item.