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 Budget
Articles
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.
Indiana Senate approves $30B budget, partial tax cut
The plan keeps much of the additional education spending that House Republicans added to their budget proposal in February. But the Senate package also includes a $150 million cut to personal income taxes.
Revenue forecast could swing Pence’s tax-cut hopes
The state revenue forecast due out April 16 will influence the next two-year budget and possibly help Gov. Mike Pence sell lawmakers on his proposed 10-percent income-tax cut. Experts predict the numbers won’t be much different from those in the last forecast.
Senate budget pushes highway expansion, small tax cuts
Indiana lawmakers and Gov. Mike Pence drew closer to a budget compromise Thursday with the unveiling of a $30 billion Senate plan that cuts the state income tax by $150 million and establishes a new roads fund.
Senate budget expected to boost road funding
Local governments and road builders are optimistic that the Indiana Senate’s version of the state budget, set to debut Thursday, will mirror the House’s $500 million increase for road building.
FEIGENBAUM: Gambling predicament worse than feared
Gambling revenue for 2012 was down more than $110 million from 2010, and year-over-year revenue has tumbled in three consecutive years.
Pence, Bosma try to keep reins on intraparty tax battle
Republicans typically invoke Ronald Reagan's "11th Commandment" when they're fighting within the family, and there's been plenty of infighting recently over Gov. Mike Pence's tax cut at the Statehouse.
Schools chief, mayors seek more funds from Senate
The two groups most likely to benefit from changes made by Indiana House Republicans to the state budget asked Thursday that the Senate Appropriations Committee maintain new funding for roads and schools, and maybe find a little more.