(STATEHOUSE) July 20, 2007 - State Representative Larry Buell (R-Indianapolis) has been reassigned by House leaders to serve on the Pension Management Oversight Commission as well as an alternate member on the State Budget Committee.
The bi-partisan Budget Committee is responsible for presenting a comprehensive budget recommendation to the Governor every two years. The committee is composed of four legislators, a Democrat and a Republican from both the House and the Senate, and the Director of the Budget Agency. State agencies present their budget requests to the committee during a series of public hearings, after which the Budget Committee drafts the prospective budget for the next fiscal year.
"I am honored to once again be assigned as an alternate member of the Budget Committee," said Buell. "The intricate process of developing the state's biennial budget takes a great deal of time and effort from everyone involved. It's a process that no one takes lightly. Each year, the Budget Committee diligently works to produce a fiscally conservative, balanced budget that will further accelerate Indiana's progress, and I am proud to be part of that process."
The Pension Management Oversight Commission will study police and fire pensions, factors used to compute public employee pensions, funding sources for pension relief for municipalities, and other factors concerning public employees' retirement and benefits.
The Indiana General Assembly is a part-time legislature and meets on a two-year cycle, four months one year and three months the following year. Important statewide issues can be dealt with efficiently year-round through the use of the Interim Study Committees and Statutory Commissions. These two types of study groups convene regularly through the remainder of the year and discuss key issues, which could lead to possible legislation in the upcoming session.