Bosma: Budget Cuts Have To Be Made

By Peter Neumann

November 19, 2010 Updated Nov 19, 2010 at 6:42 PM EDT

INDIANAPOLIS, Ind. (Indiana's NewsCenter) --- Indiana House Speaker Brian Bosma says legislators will have to make budget cuts in the next legislative session.

And Bosma says he is confident that a new balanced state budget can be put together without the need for a tax increase.

Indiana's NewsCenter partner program "Inside Indiana Business with Gerry Dick" talked to Bosma for a program that airs Sunday morning at 11 on WPTA 21Alive.

In the program, Bosma says lawmakers will face some difficult decisions in the budget-writing process, including looking at programs he has strongly supported, like the state's research and development tax credit.

IIB says Bosma draws a lot of parallels between now and the last time he started a term as speaker in 2005.

Bosma says the state was in a similar fiscal situation with a three-quarters of a billion dollar deficit, but he says lawmakers managed to balance to budget and pay back money owed to schools.

Source: Inside Indiana Business (IIB)

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