UPDATE: Future income tax cut added to road-funding plan
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.
State Budget
Articles
House transportation leader: Pence funding plan a ‘gamble’
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 collects $100 million from tax-amnesty program
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 could save $327M if state pays off federal loan
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.
Pence boosts school safety spending after drastic cuts
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.
UPDATE: Pence considers using reserves on infrastructure
Pence said he's supportive of discussions among lawmakers about focusing the 2017 legislative session on infrastructure.
July revenue for Indiana falls short of projections
The biggest shortfall came from corporate income taxes, which were $16.7 million—or more than 60 percent—below projections.
Pence considers using surplus to pay off federal loan
Indiana Gov. Mike Pence is deciding whether to use about $250 million of the state's surplus to provide relief to local businesses by paying off a federal unemployment loan this fall.
Indiana reserves grow to $2.1 billion after spending cuts
Figures released Thursday by the state auditor show that the state had a $210 million surplus during the budget year that ended June 30.
Indy joins regional group to fund transit route
The City-County Council voted Monday for Indianapolis to join Carmel, Westfield and Greenwood in an economic development group seeking state funding for a rapid-transit route.
Pence elevates revenue chief of staff to commissioner
An attorney who once served as Indiana's public access counselor has been tapped as the new commissioner for the state Department of Revenue, replacing the retiring Mike Alley.
Month-long Indiana tax amnesty set for fall
Delinquent state taxpayers will have a chance to pay up without penalty under a tax amnesty program that will take place Sept. 15 through Nov. 16.
Suburbs paying for new census in hopes of higher tax distributions
A fast-growing city like Fishers can add thousands of new residents in just a few years. But several state funding allocations are based on population numbers the U.S. Census Bureau collects only once a decade, which could grossly underestimate the city’s density.
Brakes put on Ivy Tech construction amid questions
Ivy Tech Community College's construction plans have been put on hold and it will face a state review of its programs over concerns about low graduation rates and declining enrollment.
Pence signs $31 billion, two-year budget bill
The bill means $460 million more for public schools and private school vouchers, plus another $20 million in extra funding for charter schools.
Pence set to sign $31 billion Indiana budget plan
The new two-year state spending plan was approved by the General Assembly last week. Slightly more than half of the $31 billion budget goes toward K-12 education, with funding going up 2.3 percent each year.
Legislative roundup: Which bills passed, and which died?
Lawmakers passed bills on topics ranging from ethics reform to "religious freedom." Meanwhile, they shot down legislation that would have helped the Indy Eleven build or renovate a stadium and that would have permitted Sunday alcohol sales.
Proposed balanced budget amendment passes first test
The resolution must be approved by the state legislature again in either 2017 or 2018 before being able to go to the ballot for ratification.
Late budget bill addition restores Hoosier State Line funding
The Indiana Department of Transportation’s effort to continue and improve the Hoosier State Rail Line has been rescued by a tax-amnesty program passed by state lawmakers.
Legislature passes $31B budget just before midnight deadline
Indiana lawmakers adjourned for the year late Wednesday after passing a two-year, $31.3 billion budget that boosts funding for schools and leaves the state with slightly less money in reserves.