Budget Priorities for 2022/2023
- Enact a responsible, balanced state budget that does not grow government
- Strengthen our commitment to students and teachers
- Help small business and accelerate economic recovery
- Invest in law enforcement training facilities and programs
- Address critical health needs
- Make strategic investments in infrastructure
Budget is balanced and lives within our means
- Conservative spending levels will provide opportunities for future tax cuts and reforms
- Budget maintains healthy reserves in both years of the biennium – Healthy reserves protect taxpayers, guard against future recessions, and ensure that Indiana maintains a triple-A credit rating
- Reduces taxpayer funded debt by over one billion dollars
▫ Deposits $600M into the Pre-1996 Teachers Retirement Fund
▫ Pays off $110M of state building debt and $192M of highway debt
▫ Cash funds the present value ($231M) of the state’s longterm financial obligation for the South Shore Westlake and double tracking projects
▫ Reimburses the Next Level Connections Fund for the $205M appropriation made to NICTD for the South Shore projects
- Earmarks $500M of federal stimulus dollars for deposit into the Unemployment Insurance Trust Fund
To Learn more about budget dollars click on the links below
SMALL BUSINESS AND ECONOMIC DEVELOPMENT
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