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GOP Praises Passage Of Budget, Democrats Call It Inadequate

The $30 billion budget provides a 5 percent income tax cut and increases funding to roads and education.

Statehouse

Photo: Dan Goldblatt/WFIU News

Republicans say they are pleased with the final version of the budget, but Democrats say it underfunds education.

The Indiana General Assembly adopted a two-year, $30 billion budget, one Republicans say contains the largest tax cut in state history, but Democrats say the tax cut is an illusion.

The budget bill contains significant increases in both education and roads funding. Money for K-12 schools grows by 2 percent in the first year and 1 percent the second, while also including $30 million in performance funding the second year.

Roads dollars are boosted by $215 million in each year of the budget, split between the state and local governments.

The budget also more than $1 billion in tax cuts over three years, including a 5 percent income tax cut, elimination of the inheritance tax and continued reduction of the corporate tax.

House budget author Tim Brown says it does all that while maintaining fiscal integrity.

“We’re paying off bonds,” he says. “We’re having a structural surplus and we’re having reserves in the bank at about 12.5 percent so we that can be prepared for the future.”

But Rep. Greg Porter (D-Indianapolis) says the budget is woefully inadequate.

“A budget, from our perspective, with no job creation, doesn’t grow the middle class, doesn’t fund public education adequately,” he says.

Governor Mike Pence praised the budget as one that successfully limits spending while saving for the future and providing tax cuts to Hoosiers.

Brandon Smith, IPBS

Brandon Smith, IPBS has previously worked as a reporter and anchor for KBIA Radio in Columbia, MO, and at WSPY Radio in Plano, IL as a show host, reporter, producer and anchor. 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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