Friday, October 23, 2020
For the past decade, Indiana's Republican-led legislature has reduced debt, cut taxes and eliminated harmful regulations. Statehouse Republicans have also led the way in passing honestly balanced budgets that include strong reserves to protect taxpayers.
Even during the economic downturn caused by the COVID-19 pandemic, Indiana's commitment to fiscal discipline has led to Indiana being recognized for two major fiscal accomplishments.
Indiana Auditor of State Tera Klutz, CPA, recently announced Fitch Ratings, one of the three major credit rating agencies, reaffirmed Indiana’s AAA credit rating, the highest possible rating.
Klutz also announced Indiana was awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association for the 27th consecutive year, which recognizes Indiana's commitment to financial transparency.
The economic fallout related to the COVID-19 pandemic is an example of why it is so important for Indiana to demonstrate responsible fiscal leadership and maintaining strong reserves to protect taxpayers.
In 2021, the Indiana General Assembly will write the state's next two-year budget. There's no question tough decisions will have to be made, and Senate Republicans will continue to advocate for responsible financial management that supports the needs of Hoosiers in our communities.
