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2.6 billion in reserves let’s do the progressive fiscal responsible thing and spend, spend, spend, until the taxpayer scream.
What is an appropriate amount of money in reserve – rainy day fund status? $2.4-$2.6B seems excessive for a state the size of Indiana. We have to remember that this is not the State’s money, this is excessive taxes of taxpayer money.!
But let’s say you keep the reserve at that amount. On simple interest at a rate of ~1.5%, that is ~$40M a year in interest income. Why can’t this be used to enhance teacher pay and/or other worthy projects?
Just asking.
Just think how much the state would take in if they legalized Cannabis.
Legalizing Cannabis would create businesses which and jobs, which also create additional taxes… in addition to the direct taxation of the product.
Additional taxes would be saved from unneeded prosecution, incarceration, and rehabilitation.
…A renewable tax stream that re-grows every season.
Indiana suffers from POOR LEADERSHIP.
We have a governor that DOES NOT PUT THE GOOD OF HOOSIERS FIRST.
Holcomb receives well documented donations from big pharma and for profit prison corporations, and he falsely claims that cannabis is bad.
If it is really that bad, then why have most of the states and most of the people in this country said otherwise ?
TIME FOR A CHANGE !!!
TIME FOR A VOTE OF NO CONFIDENCE !!!
I say this as a registered Republican.
Screw teacher pay. It’s like listening to a broken record. Our government run schools, are for the most part, failures. The Dems are owned by the ISTA.
I live in Indianapolis, but I would spend a big hunk of the surplus in NW Indiana. We need to press the advantage that we currently have over Illinois. The income, sales, and property taxes that would flow into Indiana if wisely invested in da Region would yield better than a 15% return.