Former Fifth Third Bank president Mike Alley will take over as the state’s revenue commissioner. He’ll replace John Eckart, who resigned last week amid controversy over misplaced local option income taxes.
A leading legislator said he expects the State Budget Committee to take some time reviewing a second computer programming mistake made by the Indiana Department of Revenue that short-changed local governments by about $205 million.
The head of Indiana's Department of Revenue and two other officials are resigning after $205 million in local option income taxes were not distributed to counties. Marion County will get an extra $41 million from the oversight.
Indiana lawmakers are working toward final agreement on several tax and spending issues in the last days of this year's legislative session.
Figures released Monday by the State Budget Agency show tax revenues for February came in less than expected by nearly $29 million, or about 4 percent. That follows a shortfall of about 3.5 percent for January.
State senators allocated more state money for victims of the Indiana State Fair stage collapse and full-day kindergarten as part of a broad spending plan approved Wednesday.
Budget leaders in the Indiana Legislature are nearing agreement on plans for phasing out the state's inheritance tax and changing the automatic taxpayer refund so that it could only be triggered every other year.
Parents across Indiana weary of paying sometimes-hefty fees for their children to attend full-day kindergarten classes could soon catch a break.
Indiana's public school districts wouldn't be able to end school bus service for their students under a proposal advancing in the General Assembly after protests from parents in a suburban Indianapolis district who now face annual bills of more than $400 a child for rides to and from school.
Indiana's state tax collections came in slightly below projections for January, the first monthly shortfall since the new state budget year began last July.
Indiana casinos saw their take from gambling fall in 2011, and new competition in Ohio and perhaps other neighboring states virtually guarantees things will get worse from here.
An Indiana Senate committee is advancing a plan to put more money into state savings accounts before automatic tax refunds go out to taxpayers.
Amazon.com will begin collecting Indiana's 7-percent sales tax from customers in 2014 under an agreement with the state announced Monday.
Gov. Mitch Daniels' top budget official is stepping down after being part of the Indiana governor's administration since he took office seven years ago.
Indiana's state tax collections continue to run well ahead of a year ago, with last month's revenue nearly 5 percent greater than in December 2010.
State Sen. Luke Kenley is floating the idea of using an online sales tax to help replace revenue that wouldn't be collected if a proposal to eliminate the state's inheritance tax becomes law.
Gov. Mitch Daniels will push for more money for victims of the Indiana State Fair stage collapse, but lawmakers will have to decide how much.
Indiana Gov. Mitch Daniels on Wednesday announced pay raises of up to 6 percent depending on state employees' performance. About 75 percent will see a 2 percent increase under the plan.
A state tax processing error resulting in $320 million more in the bank for the state and improved tax collections could put a nominal amount back in Hoosiers' purses and wallets next year. But a bi-partisan thirst to restore education funding and pay down state debts could just as easily take that refund away.
Democrat Erik Gonzalez of the state's budget-forecasting committee said his panel warned the Indiana Department of Revenue something was wrong with corporate tax collections two years before the state discovered it misplaced $320 million.
