INDIANAPOLIS -- Indiana Governor Eric Holcomb signed the state budget and road funding bills into law on Thursday.
Holcomb was joined by House Speaker Brian Bosma, Senate President Pro Tem David Long and dozens of other lawmakers
The biennial budget (House Enrolled Act 1001) and state’s transportation funding plan (House Enrolled Act 1002) gained final legislative approval late last week.
“Indiana lawmakers passed an infrastructure plan of historic proportions, putting our state in a strong position to finish what we started, maintain what we have and build for future growth. We did this all while maintaining a balanced budget and responsible reserves that will continue to diversify and grow our economy,” Gov. Holcomb said. “This achievement is marked by the spirit of collaboration that made this session a tremendous success for Hoosiers.”
The state budget funds several priorities outlined in Gov. Holcomb's Next Level legislative agenda in January, according to a release sent out by the governor's officeThursday afternoon.
It also included incentives to increase the amount of venture capital in the state, regional economic development, pre-K expansion, double tracking the South Shore Line, pay increases for law enforcement and more.
The road funding bill provides long-term funding to maintain state and local roads while finishing the projects that have already been started.
“These bills work together to position Indiana for continued growth and prosperity,” Indiana Senate President Pro Tem David Long said. “Responsible fiscal management has been the foundation of our pro-growth economic environment for over a decade, and this budget bill continues to advance those principles. When you combine that with a sustainable plan to fund our transportation infrastructure needs for the next 20 years, I think Indiana is continuing to send a message that we are a great place to live and do business.”
Visit the 2017 Bill Watch webpage to view these and other bills the governor has signed into law.
