STATEHOUSE (July 11, 2019) — “The fiscal closeout statement released today demonstrates that Indiana’s economy continues to thrive. That, coupled with the financial discipline of the legislature and Gov. Holcomb, means we now have a healthy bottom line that gives us the financial flexibility to pay for some of the projects we included in the budget with cash, rather than long-term financing.
“Paying for these projects in cash instead of financing will save us $100 million in what would have otherwise been paid in interest.
“This is a responsible move that will free up money in the long-term. I’m especially pleased that we will be able to finish what we started and include upgrades to U.S. 31 in the list of projects. I look forward to working with the governor and my colleagues in the House to take action on these items in the months ahead.”
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