By TOM DAVIES
An Indiana House committee rejected on Tuesday a Democratic proposal to
direct $291 million in unexpected state tax revenue toward one-time teacher
Republican-controlled House Ways and Means Committee voted 13-7 along party
lines against the proposal, going along with arguments from GOP Gov. Eric
Holcomb's budget director that it wouldn't be the best use of the money.
Republicans endorsed a bill directing the $291 million on paying cash rather
than borrowing money for several planned college campus construction
projects that were allowed under the state budget approved in April.
Director Zach Jackson told the committee the state could save about $135
million in interest payments, making that money available for future state
Democratic Rep. Ed
DeLaney of Indianapolis said he believed that with current low interest
rates the available tax money would be better spent on addressing the
state's lagging teacher pay.
The bill now goes to the full House for consideration.