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.
State Budget
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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.
Local leaders give chilly reaction to Pence’s proposed tax cut
Members of the Indiana Association of Cities and Towns say they would rather see money poured into road repairs.
IU president encouraged by state budget plan
A proposed boost in the state's higher education funding is an encouraging step after more than $150 million was cut during the recession, Indiana University's president said Thursday.
Indiana Senate budget panel looks at college funding
The Senate Appropriations Committee is examining the state of higher education funding as it continues Indiana's budget deliberations.
Pence objects to proposed gambling expansion
Indiana Gov. Mike Pence is asking lawmakers not to approve an expansion of gambling despite pressure from new casinos in bordering states.
Senate budget leader: Schools, roads need boost
Indiana lawmakers have been aggressive in cutting taxes in recent years, the state Senate's top budget writer said Thursday as his committee started reviewing a spending plan that leaves out Republican Gov. Mike Pence's proposed 10-percent income tax cut.
Indiana, Kentucky brace for new casino in Cincinnati
With a glistening $400 million casino set to open in downtown Cincinnati on Monday, officials and casino executives in two neighboring states are looking at the development with trepidation as they prepare to watch tax dollars flow into Ohio.
Pence moves outside Indy to find tax cut support
Indiana Gov. Mike Pence is taking his pitch for a 10-percent cut in the personal income tax around the state after failing to lock down support for his signature legislative priority inside the Statehouse.
Indiana House approves $30 billion GOP budget plan
The Indiana House has approved a $30 billion budget that includes an additional $700 million for roads and schools than was originally sought by the governor.