STATEHOUSE - Speaker of the Indiana House of Representatives, Brian C. Bosma (R-Indianapolis), announced the end of session, or Sine Die on Friday evening, closing out a year of priorities achieved. The House Republican agenda, which was released in October, centered on making Indiana a stronger state for future generations, by focusing on fiscal integrity, job growth, and enhanced education opportunities for every Hoosier.
The House Republicans’ “Own Your American Dream” plan focuses on three key concepts: financial security, matching Hoosier workers with high paying jobs, and making education investments.
“Indiana continues to lead the nation in conservative spending and economic development,” said State Representative Milo Smith (R-Columbus). “The General Assembly has crafted a budget to support each and every Hoosier family with more than a billion dollars in tax cuts, including the elimination of the inheritance tax and a reduction in the income tax.”
Financial Security for Future Generations
“Our priorities are to pass a budget that maintains a strong fiscal reserve and which prioritizes education and road funding. Our fiscal integrity provides an economic climate that spurs job creation. Hoosier taxpayers deserve nothing less, and our job creation environment will continue to benefit,” said Bosma.
Indiana is one of only nine states that has a AAA credit rating from all three credit agencies. Indiana holds a higher credit rating than the federal government, whose debt has now passed the $16 trillion mark for the first time in our nation’s history. That equates to more than $50,000 of debt for every man, woman and child in the U.S.
“In addition, we also introduced a new conservative concept in state budgeting: paying cash for projects and paying off the state’s debt burden,” said Bosma. “After all of those goals have been met, and with a proven track record of fiscal integrity, we are in the position to give Hoosiers the largest tax cut in the history of Indiana. This blend of tax relief will have a very positive impact on Hoosiers across the state and provides a tax cut for virtually every Hoosier.”
Bridging the Skills Gap
“We’ve provided the additional tools and resources for the people of Indiana to continue to grow and prosper in the years to come. Enabling Hoosiers to realize their aspirations – whether it’s starting a business or starting a family – is the driving force behind the legislation enacted this session,” said Rep. Smith.
According to the Indiana Vision 2025 report published by the Indiana Chamber of Commerce, more than 930,000 Hoosiers lack even the most basic skills to thrive in today’s economy.
Designed to improve coordination, communication and vision for Indiana’s workforce training and career preparation systems, the ICC is a panel that will bring the principal stakeholders in the state’s workforce development efforts together to create a stronger plan to move Indiana forward. Members of the ICC will be charged with aligning the education skills and training provided by Indiana’s educational, job skills and career training systems with existing and projected needs of the state’s job market. The legislation also puts into law a longitudinal data system to track the effectiveness of the state’s educational and workforce programs.