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Pence Urges Caution With Spending

State of Indiana

The House GOP budget proposal unveiled last week largely drew praise from Governor Mike Pence.  But Pence also indicated House Republicans have to be careful about spending too much.

Governor Pence’s proposed budget kept nearly 13 percent of state revenue in reserve.  The Pence administration says that’s to hold back money in case of emergency.  But House Republicans spent more in their budget proposal, keeping reserves below 12 percent.  That small percentage difference translates to tens of millions of dollars.  Pence notes that in January – as it has been for much of the fiscal year – revenue collections fell below projected targets.

“While the Indiana economy is growing, the American economy is growing, I think that common sense says that we ought to be cautious about the commitments that we make.”

Speaker Brian Bosma says he’s comfortable with spending levels in his caucus’ budget proposal.

“We’re trying to meet all the needs of Hoosiers right now, especially with respect to traditional public school funding, so we were aggressive in that regard.”

Pence acknowledges that a new revenue forecast in April will ultimately help establish the budget picture before the end of session.

Brandon Smith is excited to be working for public radio in Indiana. He has previously worked in public radio as a reporter and anchor in mid-Missouri for KBIA Radio out of Columbia. Prior to that, he worked for WSPY Radio in Plano, Illinois as a show host, reporter, producer and anchor. His first job in radio was in another state capitol, in Jefferson City, Missouri, as a reporter for three radio stations around Missouri. Brandon graduated from the University of Missouri-Columbia with a Bachelor of Journalism in 2010, with minors in political science and history. He was born and raised in Chicago.
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