Panel rejects audit of Indiana revenue department
Republican members of the State Budget Committee have rejected Democrats' request for an independent audit of the Indiana Department of Revenue for misplacing $320 million.
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Complex accounts made it easy for state to miss $320M
Indiana House and Senate Democrats say they want an investigation into how the money went missing for so long. They submitted a letter to the state's budget forecasting committee requesting an independent audit of the state's finances.
Daniels says state discovers extra $300 million
Indiana Gov. Mitch Daniels says the state budget will see a one-time cash infusion of $300 million from tax collections that weren't properly transferred into the general fund.
Indiana budget picture improved modestly in September
Indiana's budget picture continued improving last month as the state collected $31 million more in taxes than planned.
State tax collections improve slightly in August
The state said Tuesday it took in $12.3 million more in taxes than expected last month and that income and sales tax collections continued to improve through the end of August. However, gambling taxes from riverboat casinos came in $5.2 million less than expected.
Indiana property tax caps slice 2011 bills
Indiana property taxpayers saw their savings grow by 32 percent this year compared to a year ago thanks to statewide tax caps on their 2011 bills, according to a state report.
Indiana federal aid target in national debt deal
The federal deal targets "discretionary funding," which is where a good chunk of the roughly $9 billion the state collects from the federal government each year falls.
Candidate Pence eyes Indiana income-tax cuts
Republican Mike Pence is looking at ways to cut Indiana income tax rates across the board if elected governor next year.
Indiana tax revenue better than expected for July
The new budget year is off to a good start for Indiana’s state government with about $23 million more in tax revenue coming in than expected.
Indiana could weather U.S. default for a couple months
The state would be able to draw down its $1.2 billion cash reserves and lean on money from the $3.8 billion Indiana Toll Road lease to carry it for a few months until the federal government came up with a plan, according to Budget Director Adam Horst.
Daniels giving most state workers bonuses
Indiana Gov. Mitch Daniels is dipping into the state's $1.2 billion surplus to give bonuses to most state workers.
UPDATE: Indiana ends budget year with $1.2B surplus
After a year of spending cuts to state agencies and school districts, during which state workers were asked to do more than ever, Indiana released its final budget numbers for the fiscal year that showed it sitting on a $1.2 billion surplus.
How key bills fared during 2011 legislative session
Indiana senators and representatives debated a wide range of bills with significant business implications during the 2011 session of the General Assembly, which wrapped up April 29.
State tax revenue falls short of April forecast
Indiana's state government collected $87 million less than expected in tax revenue during April.
Districts: Full-day kindergarten funds not enough
Indiana Gov. Mitch Daniels' plan to allocate $47 million for full-day kindergarten in districts that don't offer it isn't likely to be enough to make that vision a reality, some districts say.
Indiana legislators adjourn with $28B budget
The Indiana General Assembly adjourned for the year late Friday, bringing an end to a roller-coaster legislative session that produced politically-charged legislation that will help shape elections next year and for the next decade.
Indiana budget deal includes Daniels-backed refund
Indiana lawmakers are set to vote Friday on a new $28 billion state budget that would give slight funding increases to schools without raising taxes, leave the state with more than $1 billion in reserves and give taxpayers refunds if the state takes in more money than it needs.
Key Indiana lawmakers optimistic about budget deal
Legislative leaders think they are on track to reach a budget deal by the time the legislative session ends Friday.
Democratic leader wants summer gas tax suspension
State Rep. Patrick Bauer of South Bend wants the state to suspend taxes on gasoline during the summer in a move he says would save consumers about 40 cents per gallon.
Teacher merit pay bill heads to Daniels’ desk
A bill linking teacher pay with student performance has won final legislative approval and now heads to Indiana Gov. Mitch Daniels for his signature.