Indiana’s “next generation” trust fund might be used by a room of current grandparents after all.
The pile of cash, which was created in 2006 after the leasing of the Indiana Toll Road, was not supposed to be tapped for decades, but some state lawmakers feel they are left with no other choice. Unemployment in the area is at 8.2%, Indiana’s highest jobless rate since February 1985.
“Sometimes sacred cows make the best hamburger,” Rep. Terri Austin told the Northwest Indiana Times, noting that the trust fund is only earning a 2.3% investment return.