Gov. Pence Continues Push For High State Reserve

Governor Mike Pence says he’s working on the spending plan he’ll present to legislators in five months, and he is insisting on a reserve of one-eighth the total state spending as a firewall against recession. That’s the maximum surplus allowed by state law.

Pence directed state agencies to trim their budgeted amounts by three-percent, and state universities by two-percent, to keep that reserve on track.

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