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 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.
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.
Republican Mike Pence is looking at ways to cut Indiana income tax rates across the board if elected governor next year.
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.
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.
Indiana Gov. Mitch Daniels is dipping into the state's $1.2 billion surplus to give bonuses to most state workers.
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.
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.
Indiana's state government collected $87 million less than expected in tax revenue during April.
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.
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 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.
Legislative leaders think they are on track to reach a budget deal by the time the legislative session ends Friday.
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.
A bill linking teacher pay with student performance has won final legislative approval and now heads to Indiana Gov. Mitch Daniels for his signature.
Indiana lawmakers may have found a way to spur the consolidation of small school districts without jumping into the politically unpopular issue: Starve small districts of state funding to financially push them toward merger talks.
Republican House Speaker Brian Bosma says Indiana lawmakers are on track to finish their work on time as the legislative session draws to an end this week despite a five-week boycott by House Democrats.
Indiana taxpayers are paying about $300 million a year in nursing home costs despite a state law that would allow the state to save millions while keeping many elderly and disabled Hoosiers in their homes or with family members.
Indiana's corporate income tax rate would be cut by nearly 25 percent over the next four years under a plan the Indiana House has approved.
