State Budget - House Enrolled Act 1001
* No tax increases
* Structurally balanced in both years of the biennium
* Maintains a prudent level of reserves to protect taxpayers
* Increases tuition support funding by 0.5% in CY12 and 1% in CY13
* Increases funding to K-12 education by $150 million
Where our tax dollars go:
General Fund Appropriations - As Passed Budget
FY 2012/FY 2013 Biennium (in millions)
* 47% Education K-12
* 13% Medicaid
* 12% Higher Education
* 9% Health & Human Services
* 7% General Government
* 5% Corrections
* Teacher's Pensions
* 2% Capital
Living Within Our Means - Indiana's Fiscal Restraints:
* Received 5.0% less revenue (1.34 B)
* Spent 5.5% less than anticipated ($1.52B)
* Ended with a reserve of $1.18B (9.1 of FY2011 expenditures)
Freedom Of Speech would like to thank State Rep. Ed Clere of House District 72 for taking the time to answer our questions and to meet with the citizens of New Albany.
