updated: 6/29/2009 12:45:53 PM

Budget Negotiations Inch Closer to Deadline

InsideINdianaBusiness.com Report

School funding appears to be the main difference between Democrat and Republican negotiators as lawmakers work to pass a state budget before the end of the fiscal year deadline of Tuesday at midnight EDT. House Ways and Means Committee Vice-Chairman Scott Pelath (D-9) wants lawmakers to do whatever is necessary short of a tax hike to provide adequate funding to every school district. That could involve dipping deeper into state reserves than Republicans anticipated.

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Source: Inside INdiana Business

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Governor Mitch Daniels (R) has stated he wants any two year package to include reserves of $1 billion.

Our partners at Network Indiana/WIBC report Senate Appropriations Committee Chairman Luke Kenley (R-20) would be more comfortable with a reserve of $1.3 billion.

Also from the continuing budget negotiations, House Speaker Pat Bauer (D-6) has suggested a two-year budget plan would be acceptable, even though the House passed a one-year financial blueprint earlier in the special session.

But he says school funding remains a key stumbling block in the budget talks.

Source: Network Indiana/WIBC

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