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.
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.
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.
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.
House Republicans blocked a vote Thursday on Gov. Mike Pence's proposed tax cut, fending off — at least for now — an attempt by Democrats to force them into the awkward position of rejecting one of the new GOP governor's top legislative priorities.
A pair of Republican senators argued Tuesday for the personal income tax cut that Indiana Gov. Mike Pence has made his top priority, while House Republicans across the hall advanced a budget that swaps that cut for education and roads spending.
House Republicans tossed out Gov. Mike Pence's call for a tax cut Friday, unveiling a $30 billion biennial budget that instead relies on Indiana's roughly $500 million annual surplus to restore education cuts and pay for road and bridge repairs.
Gov. Mike Pence is unhappy with a two-year budget proposal from House Republicans released Friday that would replace his proposed tax cut with more funding for education and roads. Pence closed his Statehouse office Friday morning for “out of office staff meetings.”
The analyst hired by the state to estimate the impact of the federal health care law told Indiana lawmakers Tuesday that an unintended consequence could unearth tens of thousands of children who qualify for Medicaid but are not enrolled.
The Pence budget calls for roughly $6.4 billion in education spending in each of the next two years, with another $64 million for high-performing schools beginning the summer of 2014, at the start of the 2015 budget year.
Indiana Gov. Mike Pence is asking lawmakers to spend most of Indiana's cash surplus on a 10-percent cut in the personal income tax.
Indiana took in $1.19 billion in revenue during December, beating projections by nearly 2 percent.
Auditors investigating Indiana's Department of Revenue are saying outdated technology and a work culture that sacrificed accuracy for speed led to $526 million in tax errors from the state.
The Indiana Economic Development Corp. is looking to renew its commitment to life sciences by creating a $30 million venture fund. The amount dedicated to one sector would be equal to the state’s allocation for all high-tech startups over the past two years.
A license plate tax of $20 to $50 per car will be one of a raft of proposals considered by the Legislature next year as a way to fix a hole in funding for road maintenance, and to keep expanding Indiana’s system of highways.
When lawmakers reconvene Jan. 7 for the 2013 legislative session, they will do so under a unique structure: a new Republican governor and Republican super-majorities in both chambers of the General Assembly.
What the 2013 legislative session lacks in spectacle, it’s sure to make up for in surprises.
Indiana's budget picture is slowly taking shape, but the big questions about tax collections, tax cuts and how much will be spent on education remain to be seen.
Indiana Gov.-elect Mike Pence has tapped one of his top campaign aides and a veteran of Gov. Mitch Daniels' administration to lead the state's budget office.
State tax collections—the lifeblood of the budget and everything from road-paving to classroom sizes—could remain stagnant as the state continues to crawl out of the recession.
