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Indiana Budget Includes 5 Percent Tax Cut
Updated May 5, 2013 12:13 AM
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(STATEHOUSE) - Indiana Gov. Mike Pence and Republican legislative leaders reached a budget deal Thursday that increases spending on roads and schools while cutting the personal income tax by 5 percent.

The Associated Press reports that the governor, who campaigned on the promise of a 10-percent cut, was pleased with the compromise.

The budget calls for increasing education spending by about $330 million over the next two years, and will increase road spending by $400 million with another $400 million slated for major highway expansion, AP said.

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