Balancing the Budget Amidst an Economic Crisis

Indiana had a $700 million deficit at the start of 2005 and a $2 billion surplus by end of 2012. During this seven-year stretch, America experienced the worst economic crisis since the Great Depression. All across America, states were facing fiscal crises during this period, but not Indiana. Why?

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Tax Amnesty

As a disciplined fiscal conservative, Mitch Daniels gained a national reputation for insisting that every cent of every taxpayer dollar be managed rigorously. As Governor, he frequently spoke of the duty of elected leaders to remember that the citizens who put them in office are also ultimately the ones paying their salaries.

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Aiming Higher in Higher Education

Mitch Daniels has achieved national recognition for his fiscal discipline. It’s well-known that Indiana was elevated to a AAA rating under his leadership, and that the state was busily racking up a surplus during the Great Recession while other state budgets around the country were cratering.

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