Bill Passes Senate for Spending Part of State Surplus

Senators have approved their plan for spending a billion dollars of Indiana’s record six-billion dollars in reserves. The bill would save the average household about 130 dollars by suspending the gas tax and the sales tax on utilities. It sets aside another 600-million dollars to further reduce unfunded pension liabilities, and absorb cost overruns due to inflation on state construction projects. The plan puts the Senate at odds with the House, which adopted Governor Holcomb’s proposed 225-dollar-per-taxpayer rebate on Friday.