STATEHOUSE-Rep. Tom Dermody (R-LaPorte) today voted in support of two measures that will deliver much needed flexibility to school corporations. This session, lawmakers sought to reach agreement on how to alleviate the affects of the much-publicized budget cuts required by the administration as a result of state revenue shortfalls.
"Indiana's economic condition continues to erode as a result of the national recession," said Rep. Dermody. "But raising taxes to help cover temporary shortfalls is not an option and something I would never support. Instead, we needed to come up with a plan that helped schools survive right now."
House Bill 1367 seeks to give school corporations additional means to cover general fund shortfalls by transferring money from several other funds.
After lengthy conference committee process, all sides reached an agreement that resulted in the bill being adopted by the House of Representatives.
House Bill 1367 passed 97-0. The bill also passed the Senate, 50-0. The bill now advances to the governor's desk for final approval.
Rep. Dermody has been committed this session to giving schools every tool possible to help weather the economic storm caused by declining state revenues as a result of the national recession.
"I've been committed to deliver a high degree of flexibility the schools require right now," said Rep. Dermody. "Education is our top priority in Indiana and we had to give school corporations the tools they needed to continue to weather the storm. I feel we've reached a compromise that all sides can agree on. Passing HB 1367 was one of the most important things we've done this session."