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>>GERRY: INDIANA LAWMAKERS
RECENTLY WRAPPED UP BUSINESS AT
THIS YEAR'S SESSION OF THE
GENERAL ASSEMBLY.

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THEY PASSED A TWO-YEAR $37
BILLION STATE BUDGET WHICH
INCLUDES AN ADDITIONAL $2
BILLION FOR SCHOOLS, EXPANDED

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BROADBAND ACCESS IN RURAL AREAS
AND MAJOR INVESTMENT IN REGIONAL
ECONOMIC DEVELOPMENT PROJECTS.
WHAT DOES IT MEAN FOR THE

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STATE'S ECONOMY, AND WILL IT BE
ENOUGH TO MOVE INDIANA FORWARD?
WE GET PERSPECTIVE FROM INDIANA
CHAMBER PRESIDENT AND CEO KEVIN

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BRINEGAR.
AS ALWAYS, WELCOME.
>> THANK YOU.
GOOD TO VISIT WITH YOU AND YOUR

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VIEWERS.
>> BOTTOM LINE WAS THIS A GOOD
SESSION FOR INDIANA BUSINESS?
>> A VERY GOOD SESSION OVERALL

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THERE WERE SOME IMPORTANT
LEGISLATION I REMEMBER ONE
PRIORITY WITH LAWSUIT LIABILITY
LIMITATIONS PASTORALLY IN THE

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SESSION SIGNIFICANT INVESTMENT
IN REGIONAL ECONOMIC DEVELOPMENT
THAT WILL IMPROVE OUR QUALITY OF
PLACE AND ATTRACTIVENESS, WHICH

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IS IMPORTANT TO OFFSET THE
TALENT DEFICITS WE HAVE.
THERE WAS SIGNIFICANT INCREASE
IN BROADBAND FUNDING.

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$250 MILLION TO ADDRESS
UNDERSERVED AREAS AND OTHER KEY
INITIATIVES AS WELL.
>> LET'S BREAK DOWN A COUPLE.

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EDUCATION A LOT OF ATTENTION AND
NEARLY $2 BILLION.
WERE YOU SURPRISED AT THE SIZE
OF FUNDING FOR EDUCATION?

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>> I WASN'T WHEN I SAW THE
REVENUE FORECAST UPDATE IN MID
APRIL THAT FORECASTED AN
ADDITIONAL $2.4 BILLION IN STATE

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REVENUE SO THAT NEARLY
$2 BILLION IS AN INCREASE OVER
THE BIENNIUM AND THAT DOESN'T
INCLUDE THE BASE.

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THAT IS IN ADDITION TO THE
FEDERAL MONEY GOING DIRECTLY TO
THE SCHOOLS AND THAT WILL BOOST
TEACHER PAY WHICH IS SOMETHING

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THE CHAMBER SUPPORTED.
WE SAW $500 MILLION OF FEDERAL
MONEY GOING INTO THE TRUST FUND
SO WE KEEP THAT POSITIVE AND THE

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STATE DOESN'T HAVE TO BORROW AND
CHARGE LAWYERS.
AND AN IMPORTANT INCREASE IN THE
MINIMAL EXEMPTION FOR THE

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BUSINESS PERSONAL PROPERTY TAX
40000-$80,000 WHICH WILL ALLOW
35,000 ADDITIONAL SMALL
BUSINESSES THAT WILL NO LONGER

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PAY THAT TAX.
>> THE NEXT ITERATION OF THE
REGIONAL CITIES INITIATIVE AND
$500 MILLION OF THE GREATLY

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EXPANDED PROGRAM AND QUALITY OF
LIFE AND TALENT IN REGIONS
AROUND THE STATE.
>> YES, INDEED THE ORIGINAL

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PROGRAM WAS WINNER TAKE ALL WITH
THREE REGIONS THAT $142 MILLION
EACH AND THIS WILL ALLOW ANY AND
ANY REGION TO PUT TOGETHER

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MULTIJURISDICTIONAL PROJECTS OF
IMPORTANCE FOR QUALITY OF PLACE
AND QUALITY OF LIFE AND ABILITY
TO TAP INTO THAT FUND WHICH WILL

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BE MANAGED BY THE ECONOMIC
DEVELOPMENT CORPORATION AND THEY
WILL EVALUATE BASED ON THE LOCAL
MATCH YOU ARE MAKING IN THE

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IMPACT THE PROJECTS WILL HAVE ON
MAKING YOUR REGION OF THE STATE
OF ATTRACTIVE TO FOLKS FROM OUT
OF STATE.

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>> EARLIER ON THE SHOW THEY
TALKED ABOUT THE POTENTIAL FOR
TWO PLUS BILLION IN ADDITIONAL
PRIVATE INVESTMENT.

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BROADBAND AND ACCESS TO
BROADBAND A HUGE ISSUE FOR
INDIANA AND A LOT OF MONEY GOING
TO ADDRESS THAT.

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>> YES, INDEED $250 MILLION
ADDITIONAL TO EXPAND BROADBAND
INTO UNDERSERVED AREAS AND I'VE
BEEN SAYING WHILE BROADBAND IS

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NOT QUITE AS MUCH OF A NECESSITY
AS ELECTRICITY AND WATER IT'S
TRENDING IN THAT DIRECTION
PARTICULARLY LOW WORK AND THAT

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WILL BE IMPORTANT TO ALLOW
BUSINESSES AND OUR CITIZENS TO
PROSPER.
>> THE CHAMBER DID GET AN AGENDA

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AND IN YOUR VIEW WHAT WERE SOME
MISSED OPPORTUNITIES AND THE
IMPACT THERE?
>> WE CERTAINLY GOT MUCH MORE

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THAN WE EXPECTED, BUT THE MISSED
OPPORTUNITIES WHERE ON THE
CIGARETTE TEXT WE HAVE THE
FOURTH HIGHEST SMOKING RATE IN

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THE COUNTRY AND THE LOWEST
CIGARETTE TAXES, BUT WE DID PUSH
THROUGH A FIRST EVER TAX ON
E-CIGARETTE PROJECTS WHICH WILL

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HELP DETER SMOKING.
WE DIDN'T GET THE REQUIREMENT OR
THE EXPECTATION THAT THE FEDERAL
ASSISTANCE FOR FREE STUDENT AID

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FORMER FAFSA V EXPECTED AND THE
COLLEGE GOING RATE IS BELOW THAT
OF OTHER STATES.
THAT WAS A DISAPPOINTMENT AND OF

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COURSE, THE WORKSHARE PROGRAM
WHICH WOULD GIVE EMPLOYERS AN
ADDITIONAL TOOL TO USE DURING
ECONOMIC DOWNTURNS AND KEEP

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EMPLOYEES CONNECTED TO THEM AND
WE CAST AS MUCH AS $200 MILLION
IN FEDERAL MONEY TO SHORE UP THE
FUND AND HIGHER THAN THE

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$500 MILLION PUT IN BY THE
BUDGET.
>> A LOT OF TERRITORY AND BIG
SESSION OF THE GENERAL ASSEMBLY.