• Indiana Senate returns 15% of budget

    July 07, 2011 No comments

    Senate President Pro Tem David Long (R-Fort Wayne) said today the Indiana Senate is again leading by example during tough budgetary times by sending back more than 15 percent of its fiscal year 2011 budget to the state general fund.

    Senate lawmakers have returned funds every year since Long was elected president pro tem in 2006. The money was reverted back to state coffers on June 30, the end of the 2011 fiscal year.

    Total Senate budget savings were more than $2.2 million, or approximately 15.1 percent of its overall fiscal year 2011 budget. These savings are in addition to legislators passing a $28 billion structurally balanced budget this past session, designed to end the biennium with about $1 billion in reserves to help offset future economic downturns.

    Senate lawmakers have achieved cost savings by finding operating efficiencies, eliminating non-essential expenditures, going without pay raises for three consecutive years and suspending new hiring for all but essential personnel.

    “Indiana Senate leaders continue to be frugal during these challenging economic times,” Long said. “We take our responsibility to the taxpayers seriously and believe that smaller government is only achievable if everyone does their part to control spending.”

    He added that the best thing government can do to help pull Indiana out of this recession is to create an environment where private enterprise can flourish.

    “One of the best ways to do that is to keep the tax burden low,” Long said. “Controlling state spending and finding efficiencies wherever we can will help us sustain a good business climate.”

    Long also noted Senate lawmakers focused on low-tax, pro-job policies this past session – reducing the state’s relatively high corporate tax rate, creating a program that matches first-time employers with Indiana communities and implementing “Buy Local” price preferences to encourage local governments to reinvest in area vendors.

     

     

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