INDIANAPOLIS (AP) -- Gov. Mitch Daniels wants to slash overall state spending by 2.5 percent, but the proposed budget he outlined in a live television broadcast would give public schools and student aid a boost.
Daniels outlined his latest budget proposal Monday. A formal budget presentation will be made to a legislative committee Tuesday.
Daniels says he's willing to tap into the state's piggy bank -- a bit. He says he wants to keep at least $1 billion of the state's $1.3 billion in reserves in case the economy gets worse.
Daniels says public education and student financial aid would be increased under his proposal and schools would receive more money per student than they got this year.
Lawmakers are expected to take up the budget in a special session later this month.
(Copyright 2009 by The Associated Press. All Rights Reserved.)