State projects $435M less revenue in 2017 than previously expected
The long-term forecast was sunnier, with revenue projected to increase 2.9 percent in 2018 and 3.9 percent in 2019.
The long-term forecast was sunnier, with revenue projected to increase 2.9 percent in 2018 and 3.9 percent in 2019.
Legislative leaders have sounded alarm bells over state revenue figures, saying lawmakers will need to take a cautious approach to investing in new programs such as expanding state-funded preschool and raising teacher pay.
Micah Vincent has served as director of the Office of Management and Budget since 2015 after he was tapped for the role by Gov. Mike Pence.
At Tuesday’s Organization Day, Indiana House Speaker Brian Bosma called for lawmakers to move past a "rough" campaign season and refocus on the priorities of state government when the Legislature convenes in early January.
The Indy Eleven are succeeding on the field this year, but struggling to maintain their spot as North American Soccer League attendance leader. And serious concerns about the NASL’s future have emerged, casting an even bigger shadow over the local team.
Critics worry the accounts would be too unregulated and could divert even more money from public schools.
Indiana economists and finance experts have mixed reviews about how much of what Pence has touted on the campaign trail should be credited to him.
Most of the special disbursement has to be spent on transportation funding, but the city can decide what to do with 25 percent of its $53 million distribution.
The distribution is part of $505 million that county auditors have distributed to local government units statewide, $435 million of which can be used for transportation funding.
Mark Lawrance spent 14 years at the Indiana Chamber of Commerce before heading to the Indiana University Public Policy Institute two years ago. Now he’s back at the Chamber in a new role.
IEDC’s decision to leave all three winning regions in limbo about funding meant many more cheerleaders when the issue went to the General Assembly.
Efforts by the Indiana House to finance infrastructure improvements by raising taxes increasingly appear to be doomed during the legislative session that wraps up this week.
A Senate committee stripped tax increases out of a road funding bill, but the House speaker says the legislature needs to look beyond just the next election.
Planners thought most of the $53.5 million earmarked for projects would come from leasing excess space on the state’s 310 cellphone towers. But the Legislative Services Agency estimates those leases will bring $10 million to $12 million over the next 10 years.
A future 5 percent cut in Indiana's individual income tax rates is being added to a legislative proposal that would boost gasoline and cigarette taxes to increase road funding.
The condition of Indiana's roads has emerged as a major issue. There is a major division among majority Republicans over how to handle the funding, with Pence and the Senate leaders signaling they are at odds with their counterparts in the House.
Indiana's tax-amnesty program has collected enough money to pay for the new Regional Cities grant program spearheaded by Gov. Mike Pence, state officials announced Wednesday.
Businesses will pay $126 per employee to the federal government next year if the state doesn’t pay off a loan that propped up the unemployment program during the Great Recession before Nov. 10.
The Indiana governor said Friday that after the recent deadly shooting at a community college in Oregon he would make an additional $3.5 million in safety grants available.
Pence said he's supportive of discussions among lawmakers about focusing the 2017 legislative session on infrastructure.