State of Indiana secondary Archives: on Budget & Economy


Mitch Daniels: Automatic taxpayer refund when reserves exceed 10%

I ask you to vote for lasting spending discipline by enacting an automatic taxpayer refund. When the day comes again when state reserves exceed 10% of annual needs, it will be time to stop collecting taxes and leave them with the people they belong to. Remember what the Hoosier philosopher said: "It's tainted money. 'Taint yours, and 'taint mine." Beyond some point, it is far better to leave dollars in the pockets of those who earned them than to let them burn a hole in the pockets of government.
Source: 2011 Ind. State of the State Address Jan 11, 2011

Frank O'Bannon: Focus during slowdown on education & vulnerability

These are my spending priorities based on our available revenues. Because our economy is cooling down, our reserve is precariously low. Most of that reserve - about $600 million in the Rainy Day Fund and $265 million in the Tuition Support Fund - cannot be used unless certain conditions are met. That is why I am proposing that we use $410 million of surplus gaming money to pay for some of these priority spending items and help us get through this economic slowdown.
Source: 2001 State of the State address to Ind. legislature Jan 17, 2001

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Page last updated: Feb 12, 2018