State tax collections miss budget expectations
Tax receipts for the first quarter of the state's fiscal year have missed projections that were used to write the current two-year budget.
State Budget
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Shutdown to cost Indiana $33K each day it persists
Office of Management and Budget Director Chris Atkins said the state’s cash reserves will keep many programs going up to a month before running short.
State collections miss target, but beat 2012 levels
The report released by the State Budget Agency said Indiana's general fund revenue fell about 5 percent below the latest target.
Hoosierwood: Group seeks state tax incentives for filmmakers
A lobbying group is hoping it can persuade Indiana lawmakers to approve tax incentives to companies making movies in the state, saying it will create jobs.
Indiana ends 2013 budget with improved cash balance
Gov. Mike Pence on Thursday praised budget closeout numbers showing the state with $93 million in an ongoing surplus and $86 million more than expected in cash reserves.
Powerball sales drive Hoosier Lottery revenue to record high
The state lottery expects to pull in $945 million for the fiscal year ending June 30. Meanwhile, lottery operator GTECH Indiana plans to start televising Powerball and Mega Millions drawings this summer.
Pence putting stamp on Indiana with new goals
Indiana Gov. Mike Pence announced Monday he will shuffle where state agencies focus most of their efforts. State Budget Director Chris Atkins said the new priorities reflect the goals that Pence laid out in his campaign.
Forty percent of school districts to see no funding increase
Lawmakers overall increased school funding 2 percent next year and 1 percent the following year. But shifts in how that money is awarded mean some districts actually might see decreases.
State’s April tax receipts beat latest forecast
The first monthly revenue report since lawmakers passed a new two-year state budget came in 4 percent higher than projections made just a few weeks ago.
Legislative roundup: Session yields mixed bag
The General Assembly’s work left some groups happy, some disappointed.
Indiana Legislature passes $30 billion budget
Lawmakers worked feverishly into the wee hours to hammer out agreements on the budget and other issues, including an expansion of the state's school voucher program and changes to sentencing laws.
Anti-smoking officials say Indiana funding cuts hurt
A decision to cut state funding by 38 percent for programs that help people stop smoking and try to prevent others from starting worries those behind the state's tobacco cessation efforts.
General Assembly goes late in effort to wrap us session
The Indiana General Assembly worked into the night Friday to hammer out final details on a two-year, $30 billion budget containing new tax cuts, a modest expansion of school vouchers, new oversight of the $2.8 billion Rockport coal gasification project and a series of other measures.
Budget includes tax cut, more school, road funds
Indiana taxpayers will see their personal income tax rate reduced by 5 percent over the next four years under a budget plan agreed to Thursday by lawmakers. The plan also repeals the inheritance tax retroactive to Jan. 1.
Size of Indiana income tax cut remains undecided
Indiana's new state budget will include at least a small personal income tax cut, although legislative leaders said Wednesday they weren't certain whether it will be as large as Republican Gov. Mike Pence wants.
Pence makes final plea for tax cut in budget
While arguing for a 10-percent cut in the state's income tax, Pence also said he would like to see a quicker phase-out of the state's inheritance tax.
General Assembly negotiators to hammer out state budget
House and Senate negotiators will take into account a rosier revenue forecast when they begin meeting Wednesday for the first of a series of meetings that will determine the final shape of Indiana’s next state budget.
Pence sees hope for tax cut in better budget forecast
Expectations that Indiana will collect $290 million more in taxes have Gov. Mike Pence's team optimistic they can win a $500 million cut in the state's personal income tax this session.
Indiana pension shifts to international bonds
The Indiana Public Retirement System recently issued a request for proposals from international fixed-income managers and received 16 responses by the April 5 deadline. The $27.1 billion retirement system will hire two managers to oversee $900 million.
Ohio competition sends Indiana casino revenues down
Indiana's riverboat casino revenues fell 4.4 percent in March, dragged down by declines at two southeastern Indiana venues that faced their first month of head-to-head competition with a Cincinnati casino.