A state Senate committee got a jump-start Tuesday on discussing bills on unemployment taxes and property tax caps and plans
to vote on them next week, about a month before the full Legislature convenes.
A new task force is charged with making recommendations for development of the city’s downtown certified technology
park.
By issuing “voluntary environmental improvement bonds,”, local and state governments could
create special taxing districts that finance homeowner purchases of everything from solar panels to rain
gardens.
The number of people claiming jobless aid has tripled since the recession began. The demand has drained the funds that many
states use to pay jobless claims. Nearly half the states, including Indiana, are borrowing from the federal government.
Nearly every Indiana county has failed to send property tax bills on time this year, forcing many local governments and schools
to borrow millions and providing further proof that Indiana’s tax system is still a work in progress more than a decade after
a court ordered a massive overhaul.
Indiana taxpayers filed a record 2.2 million electronic federal tax returns this year.
Ohio voters are poised to weigh in on a ballot question that would authorize casinos in Cincinnati, Cleveland, Columbus and
Toledo.
The state should delay unemployment tax increases on businesses from 2010 to 2011 to help companies retain workers and possibly
wait long enough for a federal bailout, Republicans who control the Indiana Senate said Tuesday.
The association representing 470 cities and towns wants lawmakers to pass legislation that would give municipalities the authority
to adopt local option income taxes.
Bloomington-based Cook Group Inc. might have to cut as many as 1,000 local jobs if Congress enacts a tax on medical devices
to pay for health care reform, company founder Bill Cook said in an interview.
Indiana’s state government could lose more than $200 million in casino tax revenue if casinos are approved in Kentucky and
Ohio.
The non-partisan Indiana Fiscal Policy Institute this morning released a new study exploring the ramifications of expanding
the state’s sales tax to include services.
Property owners in Indiana are expected to save more on their tax bills in the next two years than originally predicted
because of caps on property taxes.
Business and people now, and in the future, will choose to locate
in places that have the right mix of taxes and public services.
Indiana is becoming more business-friendly, according to the latest national ranking from the Tax Foundation, which moved the state
up two places to 12th.
A little more than six months before the 2010 NCAA men’s Final Four is set to tip off at Lucas Oil Stadium, the NCAA
has not yet finalized a rental deal for the facility. While officials for the NCAA and Local Organizing Committee,
the group charged with operating the event in Indianapolis, downplay any problems, sports business experts say it is unusual
not to have an agreement pinned down in the months leading up to the event.
The new city would count more than 80,000 residents. In terms of population, it would zoom past Fishers and Carmel to rank
sixth or seventh in the state.
The financial condition of the city’s Capital Improvement Board, though improving, is still dire enough that employees
of the Indiana Convention Center could be subjected to more unpaid furloughs or layoffs.
The idea of the not-for-profit Indianapolis Convention & Visitors Association taking out a loan was not warmly received by
city officials. And financial institutions were less than thrilled with the idea given the ICVA’s diminishing revenue
and increasing costs.
Indiana officials say it will take longer to resolve the state’s bankrupt unemployment insurance fund’s funding troubles
than projected when a law designed to start fixing the system was enacted in April.
