STREAMING NOW: Watch Now

Credit agency Moody’s lauds Indiana balanced budget mandate

File Photo

A national credit rating agency is lauding Indiana voters’ ratification of a constitutional amendment that obligates the General Assembly to pass balanced budgets.

Posted: Nov. 12, 2018 10:40 PM

INDIANAPOLIS (AP) — A national credit rating agency is lauding Indiana voters’ ratification of a constitutional amendment that obligates the General Assembly to pass balanced budgets.

Moody’s Investors Service deemed Indiana’s new mandate as “credit positive” in its Weekly Credit Outlook that regularly reviews policy decisions that impact state and national government finance.

The (Northwest Indiana) Times reports Indiana’s measure was the only state finance-related ballot measure to earn a “positive” indication in Moody’s postelection roundup.

About 72 percent of Indiana voters endorsed the measure, which obligates Indiana’s Legislature to pass balanced budgets unless supermajorities of two-thirds of the members of each chamber vote to suspend that requirement.

Moody’s noted Indiana’s mandate means it will no longer stand with Arizona, Vermont and Virginia as the only states lacking an explicit balanced budget requirement.

___

Information from: The Times, http://www.nwitimes.com

Article Comments

Terre Haute
Overcast
48° wxIcon
Hi: 50° Lo: 44°
Feels Like: 45°
Robinson
Overcast
50° wxIcon
Hi: 51° Lo: 44°
Feels Like: 44°
Indianapolis
Overcast
46° wxIcon
Hi: 50° Lo: 42°
Feels Like: 43°
Rockville
Overcast
48° wxIcon
Hi: 50° Lo: 42°
Feels Like: 45°
Casey
Overcast
49° wxIcon
Hi: 52° Lo: 44°
Feels Like: 45°
Brazil
Overcast
48° wxIcon
Hi: 50° Lo: 43°
Feels Like: 45°
Marshall
Overcast
48° wxIcon
Hi: 51° Lo: 44°
Feels Like: 45°
More rain tonight and tomorrow.
WTHI Planner
WTHI Temps
WTHI Radar

Latest Video

Image

VU Team

Image

Ask the Storm Team: Why is it warmer in Spring?

Image

Discovery Music Series

Image

Traveling Smithsonian exhibit stops in Marshall

Image

Catching county trash dumpers

Image

Sullivan Co home fire

Image

Sullivan Co semi fire

Image

Kids enjoy the start of Spring Break with Family Fun Night

Image

News 10 Sunday Morning Weather Update

Image

Saturday Night Weather Update

WTHI Events