Indiana Senators have approved their plan to spend a billion dollars of Indiana’s record $6-billion in reserves.
The bill would save the average household about $130 by suspending the gas tax and the sales tax on utilities.
It sets aside another $600 million to reduce unfunded pension liabilities and absorb cost overruns on state construction projects caused by inflation.
The plan puts the Senate at odds with the House, which adopted Governor Holcomb’s proposed $225-per-taxpayer rebate on Friday.
