Sen. Walker Shares Update
| Thanks to conservative fiscal governance in recent years, Indiana continues to have a stable financial outlook. We have sustained this outlook by maintaining adequate reserves, proper debt management and low debt service costs, and our state’s cash balances will remain strong due to the responsible budget passed this year. Our pension liability will also remain manageable and has continued to decline due to our proactive, sizable annual contributions. These budgetary practices provide Indiana with the high financial flexibility to adjust to changes in revenue and expenses. Through the state’s hard work maintaining conservative fiscal principles, Indiana has maintained the low cost of living and an affordable housing supply that make the state a great place to live. |