Senate President Pro Tem Rodric Bray (R-Martinsville) and State Sen. Ryan Mishler (R-Bremen), chair of the Senate Committee on Appropriations, made the following statement today regarding the unanimous passage of House Bill 1002 in the Senate:
STATEHOUSE (March 8, 2022) – "We are fortunate that Indiana is in a healthy financial position where we can pay down our existing debt and put Hoosiers' hard-earned money back in their pockets. Paying down our existing debt ultimately ensures we are keeping our promises to retired teachers and frees up money in the future, which will afford our state some transformational opportunities. In addition, Hoosiers will benefit directly from cutting our state's income tax and from repealing the utility receipts tax, which will help combat rising utility costs.
"All along, Senate Republicans have been practicing caution and fiscal prudence as we considered the exciting options before us. Between making both an impressive payment on our pension debt and providing fiscally responsible triggers that enable the lowering of Indiana's income tax moving forward, we believe we have landed in a great spot for the people of Indiana and the wellbeing of our state as a whole."
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