INDIANA – On Tuesday an Indiana House committee rejected a Democratic proposal to direct $291 million in unexpected state tax revenue toward one-time teacher pay bonuses.

The Republican-controlled House Ways and Means Committee voted 13-7 along party lines against the proposal, going along with arguments from GOP Gov. Eric Holcomb’s budget director that it wouldn’t be the best use of the money.

State Budget Director Zach Jackson told the committee the state could save about $135 million in interest payments by making that money available for future state spending instead of using bonds to pay for projects.

The bill now goes to the full House for consideration.

 

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