[R74] Indiana's Budget Set for a Merry Christmas (12/16/2011)

Friday, December 16, 2011

Start Date: 12/16/2011
End Date: 12/16/2011

Hoosiers should be commended for our ability to operate frugally... in our households, organizations and as a state... during difficult economic times.  This frugality is paying off as Indiana's updated forecast shows us ahead of the projections.  The forecast shows Indiana's revenues to be $500 million better than the original biennial forecast. 

In addition, Indiana's Department of Revenue identified a $300 million account where corporate electronic deposits were being made, but not swept into the General Fund.  The Indiana Board of Accounts is investigating to ensure no wrongdoing occurred with the electronic funds.  It appears that a programming error allowed this fund to sit without being transferred.  I suggest, unless someone proves otherwise, we consider this a blessing to Hoosiers.
 
As such, Indiana is on firm ground and the legislature may explore, within reason, whether funding adjustments can be made to critical government functions, some of which were flatlined over the last two biennial budgets.  Be assured not a penny has been spent yet.  If it is, it will be with very careful consideration ensuring we care for those in need and "set the table" for the future prosperity of all Hoosiers... including education, job creation, and infrastructure.
 
Our families and organizations have survived several years of "tough times".  Fortunately, many are finally returning to full strength. However, some of our friends and neighbors are still experiencing difficult times.  With the upcoming Holiday Season, my wishes and prayers are that you and your families discover the blessings for which our Creator has endowed within and around us all.  And, may the New Year bring happiness and prosperity to you and all those in your care.

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Rep. Sue Ellspermann (R-Ferdinand)

Ellspermann Edition, Indiana's Budget Set for a Merry Christmas, 12-16-11.doc