CHICAGO -- Indiana Gov. Mike Pence said he would sell the state airplane and ask state agencies and universities for cuts to offset an unexpected $141 million budget shortfall.

“Fiscal integrity is the foundation of prosperity,” the Republican governor said in a statement Dec. 9. “The cost-saving measures we are implementing today will ensure that Indiana remains fiscally sound during these uncertain times.”

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.