state budget surplus

Senate Budget To Follow House, Increase School Funding

Feb 25, 2015
Noah Coffey / https://www.flickr.com/photos/noahwesley/

Senate President Pro Tem David Long says the Senate’s version of the budget will follow the House’s lead in steering more money to schools.

House Republicans’ budget gives schools a nearly half-billion-dollar increase over two years, double what Governor Pence proposed.

Long (R-Fort Wayne) suggests the governor lowballed the figure to give legislators room to increase it. Long says legislators will give schools as much as they can while keeping the budget balanced.

Purdue University

As the 2015 Indiana legislative session approaches, education leaders around the state are readying their pitches for a group of lawmakers charged with writing a budget as they sit on a $2 billion dollar surplus – a surplus everyone has suggestions on to spend.

In his monthly conversation with Purdue President Mitch Daniels, WBAA’s Stan Jastrzebski asks if there’s a way to stop the practice of colleges giving money back to the state.

Keith Cooper / https://www.flickr.com/photos/cooperweb/8363160192

Despite tax revenues that struggled for much of the fiscal year, Indiana closes its book with a surplus of more than $100 million and reserves topping $2 billion.  But Democrats say the state is hoarding money to make its bottom line look good.

Going into the final month of the fiscal year, Indiana was about $50 million short of expectations.  But a strong June helped the state end the year about $13 million above projected levels. 

Brandon Smith / Indiana Public Broadcasting

Indiana will close the books today on the fiscal year that ended June 30. State Auditor Suzanne Crouch updates Hoosiers on how the state’s revenues performed. 

But Crouch’s Democratic opponent in this fall’s election is accusing the Pence administration of “cooking the books.”

Indiana tax collections struggled for much of the fiscal year, prompting Pence to cut state agency and university budgets and even sell one of the state planes. 

Governor Mike Pence says he decided it was more important to pay down state debt this year than put money into the state’s pension stabilization fund. 

Indiana finished the 2013 fiscal year with a nearly half billion dollar surplus, $93 million more than the recently-passed budget bill projected.  Its reserve level of more than $1.9 billion is also higher than expected.

The reserves would have automatically put money into the pension stabilization fund, but Governor Pence says he opted instead to pay off $66 million in bonds for the Miami Correctional Facility.

Pages