...no = they can not borrow to spend???
cause the way the text is written seems like the opposite?...
Section 5. No law shall authorize any debt to be contracted,on behalf of the State, except in the following cases: to meet casual deficits in the revenue; to pay the interest on the State Debt; to repel invasion, suppress insurrection, or, if hostilities be threatened, provide for the public defense.
How many voters are going to get in the booth and not have a clue what this is about? The wording doesn't help as I was always under the impression that we already had a balanced budget constitution. I don't feel I'm very unique in this belief.
I have seen a lot of discussion but am not convinced.
https://www.usgovernmentdebt.us/compare_state_debt
US Census Bureau published debt figures for each state in 2008. In that year it was $26B. A website published a number of $23B in 2015.
IN.gov has a section on debt, but it is useless. I don't think the state likes to advertise how far we are in hock. At least we're not California!!