(INDIANAPOLIS) — Governor Eric J. Holcomb offered the following statement after signing the first bill of the 2020 legislative session. HEA 1007, a Next Level Agenda bill, uses reserves to pay for several one-time capital projects approved by the General Assembly in 2019.
“Indiana’s economy is strong, and that provides us with an opportunity to reduce our ongoing costs by using cash rather than borrowing for several projects previously approved by the General Assembly. By paying off these one-time expenditures, we’re ensuring our state remains the fiscal envy of the nation by saving Hoosier taxpayers more than $135 million in borrowing costs, which in turn frees up money to be spent on other priorities. I want to thank legislative members for getting this priority bill passed and to my desk for signature in short order.”
Visit the 2020 Bill Watch webpage to view this bill. The webpage will be updated as legislation makes it to the Governor’s desk