Public pensions not at risk if Hoosiers ratify balanced budget amendment to Indiana Constitution

INDIANAPOLIS — Former state Sen. Brandt Hershman, R-Buck Creek, isn't running for office this year, but lately he's been spending a lot of time knocking down misconceptions about a ballot question that he helped put before Hoosier voters.

Public Question 1 is a proposed addition to the Indiana Constitution that would mandate the General Assembly enact a balanced budget that funds the state's pension obligations and also does not spend more than the state is projected to collect in tax revenue.

That's already been the practice for many years in Indiana — regardless of which political party controlled the House, Senate or governor's office — even though it's not explicitly required by the constitution.

But Hershman contends that putting the mandate in the constitution will "ensure Indiana's legacy of fiscal responsibility benefits future generations."

Read more: https://www.nwitimes.com/news/local/govt-and-politics/elections/public-pensions-not-at-risk-if-hoosiers-ratify-balanced-budget/article_6a421cfe-c98c-5129-9c6a-21758731282e.html