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Mitch Daniels

July 20, 2009 at 6:11 pm Matt

Soren Dayton over The Next Right is notes that under Gov. Mitch Daniels’ leadership, Indiana reported a $1.3 billion surplus.

Why isn’t Indiana feeling the same budget crisis that we have in Ohio?  There are a number of reasons, but one which stands out is that Daniels leased out the state’s turnpike for 75 years for $3.8 billion. Daniels came to Ohio to discuss how successful the plan was, as Ken Blackwell was advocating the leasing of Ohio’s turnpike. At the time, Daniels noted the state receives roughly $500,000/day in interest payments.

It was being proposed in Ohio exactly at the right time, before the economy slumped and the bond market crashed. Oops.

Related posts:

  1. Mitch Daniels: “The Coming Reset in State Government”
  2. Forbes Magazine: Ohio’s “Stupid Debt Tricks”
  3. Senator Harris Covers for Gov. Strickland on the Misuse of Tobacco Money
  4. Ohio Business Development Coalition- “Ohio’s Tax Reform Nearly Complete!”

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