Gov.-elect Eric Holcomb, who announced his legislative agenda Thursday, has roughly the same idea as Gov. Mike Pence when it comes to investing in early-stage Indiana companies, but wants to pay for the plan through a different fund.
The proposal calls to raise three taxes and implement new user fees. House Speaker Brian Bosma said he expects the plan to cost most Hoosiers about $4 per month.
As GOP leaders preach frugality ahead of the annual legislative session that kicks off Tuesday, they are also planning for a big increase in infrastructure spending—and are considering raising taxes of some kind to pay for it.
The resolution directs the manufacturer to pay back the money and authorizes the Department of Metropolitan Development “to take such action as is necessary to recover said damages.”
Incoming Gov. Eric Holcomb has said he wants to develop an infrastructure plan that could cover the next 20 years. But he has yet to weigh in on specifics and hasn't indicated his stance on a tax increase.
A tribal casino set to open in South Bend in 2018 could reduce Indiana's tax revenue by more than $350 million in its first five years, according to a report released Tuesday by a group that represents most of Indiana's commercial casinos.
Connecticut-based United Technologies, the parent firm of Carrier Corp., said in a statement that its plans to send 700 Huntington jobs to Mexico haven’t changed.
Council members voted 24-1 to include in the TIF district the former General Motors stamping plant property and the Market East District.
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.
President-elect Donald Trump is threatening to impose heavy taxes on U.S. companies that move jobs overseas and still try to sell their products to Americans.
U.S. Treasury Secretary-nominee Steven Mnuchin outlined an economic agenda aimed at almost doubling the growth rate of the current expansion, saying he will boost jobs by making tax reform his overriding priority.
A majority of single-parent households in America could pay more in taxes under president-elect Donald Trump’s proposals, while the richest 1 percent could see a 13.5 percent decrease in taxes.
The proposal, which supporters say will spur development in needed areas, still needs the support of the full City-County Council to move forward.
House Speaker Brian Bosma said Monday at the Indiana Chamber’s annual legislative preview event that he wanted funding for Indiana’s roads and bridges that would last for “a generation”—and the question now is how the Legislature will go about paying for it.
As the manufacturer prepares to move its Indianapolis operations to Mexico, city officials are demanding a refund in tax incentives received by the firm.
Indianapolis officials had success recovering $1.2 million from Mexico-bound Carrier Corp. In the case of Rexnord Corp., which announced a tentative plant closure last week, the incentives in play could be far less.
If the school district’s ballot measures worth $230 million pass, the district says it will upgrade technology, renovate existing schools and build a new elementary school.
Democrat Evan Bayh and Republican Todd Young accused each other of being Washington insiders and putting special interests over Hoosiers during Tuesday night’s charged debate.
The three gubernatorial candidates—Democrat John Gregg, Republican Eric Holcomb and Libertarian Rex Bell—debated issues relating to jobs and the economy at the debate at University of Indianapolis.
Mayor Joe Hogsett’s administration is targeting the former General Motors stamping plant site on the west side, where development plans have stalled, and the upstart Market East District on the opposite end of downtown.
