UPDATED: Recap, Commentary on House-Passed Budget
The House approved an amended version of the two-year state budget this week on a party-line vote. The House Republicans' budget appropriates approximately $43.3B for fiscal years 2024-2025. For comparison, Governor Holcomb’s proposed budget appropriated $42.9B for the biennium. Both versions of the budget anticipate healthy reserves at or above 10-12%. The Governor’s budget projected a structural surplus of [...]