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Auditors investigating Indiana's Department of Revenue are saying outdated technology and a work culture that sacrificed accuracy for speed led to $526 million in tax errors from the state.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.
The session will focus on creating the next two-year budget, implementing the federal health care law and other priorities including education and jobs programs.
Indiana's higher education leaders are bracing for more tough budget battles as state lawmakers prepare to write Indiana's next two-year budget.
Indiana House Speaker Brian Bosma is picking a new Ways and Means chairman with an eye on dealing with health care costs in the coming years.
The top state budget official under Indiana Gov. Mitch Daniels has decided to move into an executive position with Indiana University Health when the governor's term ends in January.
The new chairman of the House Ways and Means Committee and the GOP's top lieutenants on the panel will have the task of writing Indiana's next biennial budget during the 2013 session.
How deep are the roots in J. Murray Clark's political family tree? What still stings from the former state GOP chairman's tenure? How does he view the party today? What about fundraising tips? Clark has answers.
Council Democrats want to take funds from the Capital Improvement Board’s $67 million cash reserve to help shore up the city’s budget. But State Sen. Luke Kenley lobbed a threat that might make them think twice about pursuing the proposal.
Tax cuts being pushed by gubernatorial candidates are hardly guaranteed a rubber stamp from lawmakers, Republican House Speaker Brian Bosma said Thursday as he rolled out the 2013 agenda for his caucus.
Indiana’s major-party candidates for governor can’t bestow a job upon every unemployed Hoosier, but each has offered what he considers the next-best thing: at least $500 million in tax cuts.
