[r20] Rep. Dermody Proposes State Spending Caps (1/22/2008)

Tuesday, January 22, 2008

Start Date: 1/22/2008 All Day
End Date: 1/22/2008

State Rep. Tom Dermody (R-LaPorte) today proposed an amendment to House Bill 1001, the property tax relief bill currently being considered by the Indiana House. The amendment would provide for the control of state spending by binding budget changes to the gross personal income in the state of Indiana as reported by the United States Department of Commerce, Bureau of Economic Analysis.

"If the state is going to ask local government to limit their spending, it is only fair for state government to play by the same rules," said Rep. Dermody. "Taxpayers expect and deserve a fair and equitable system of budgeting. The state must operate within its means, and limiting budget increases to the change in the state's gross personal income will ensure state government is not spending more than Hoosiers can afford."