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Holcomb Hints At Spending Plan For Unexpected Revenue
Wednesday, January 29, 2020

Indiana Governor, Eric Holcomb has signed off on a plan for spending $291 million in unexpected state tax revenue on college campus construction projects after legislative Republicans rebuffed Democratic attempts to direct at least some of that money toward school funding.

Holcomb’s office said he signed the bill Wednesday as he had first proposed it back in July of a plan for using the extra money toward paying cash for the building projects, rather than borrowing money.

Holcomb said in a statement that the plan ensures the state remains “the fiscal envy of the nation saving Hoosier taxpayers more than $135 million in borrowing costs.”



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