Governor Eric Holcomb has presented a $32 billion budget to the State Budget Committee. It includes $20 million in grants for the Indiana Biosciences Research Institute in Indianapolis and as much as $5 million a year to help attract overseas flights to Hoosier airports. The biennial budget proposal also includes $4 million in planning grants for future Regional Cities Initiatives efforts and $10 million toward expansion of the South Shore rail corridor.
Holcomb said "this proposed budget achieves all of my objectives: It is honestly balanced, maintains prudent reserves, and preserves our AAA credit rating. It continues support for what’s working in our state while funding key priorities to take Indiana to the next level – long term funding for roads and bridges, high-quality education opportunities to prepare Indiana’s rapidly changing workforce, a strong focus on attacking Indiana’s drug epidemic, and great service to Indiana citizens. I look forward to working closely with state lawmakers in the weeks ahead, and I’m confident we’ll conclude this session with a budget that meets our key priorities for Indiana’s future."
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