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.
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.
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.
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.
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.
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.
Gambling revenue for 2012 was down more than $110 million from 2010, and year-over-year revenue has tumbled in three consecutive years.
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.
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.
Members of the Indiana Association of Cities and Towns say they would rather see money poured into road repairs.
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.
The Senate Appropriations Committee is examining the state of higher education funding as it continues Indiana's budget deliberations.
Indiana Gov. Mike Pence is asking lawmakers not to approve an expansion of gambling despite pressure from new casinos in bordering states.
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.
