Study: Taxing services could yield state $6.8B
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.
Taxes
Articles
Indiana property owners to save more than expected
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.
HICKS: What a third-grader gets about economic policy
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 improves in business tax ranking
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.
NCAA, city haggle over Final Four rental deal
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.
Greenwood merger would create one of state’s largest cities
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.
More layoffs, furloughs possible for cash-strapped CIB
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.
ICVA unlikely to seek loan to pay for enhanced marketing
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 expects jobless fund troubles until 2015
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.
Panel sets first meeting on jobless system
A new committee formed to provide oversight of Indiana’s unemployment insurance fund is set to hold its first meeting tomorrow.
State tax revenue down again in August
Indiana tax collections in August fell $12 million below a May forecast, marking more bad news on the state’s financial front.
EDITORIAL: City government in financial bind
The solution to the property tax fiasco that swept Republican Mayor Greg Ballard into office in 2007 is making his job harder, and
it could lead to his undoing.
CIB OKs budget, but awaits council vote
Members of the Indianapolis Capital Improvement Board this afternoon passed a $63 million budget for 2010 that hinges on the
City-County Council’s approval of a hike in the local hotel tax.
Chrysler sticks it to Kokomo
Officials in Kokomo and Howard County are in a tough spot. The “new” Chrysler created after its bankruptcy
sale to Fiat contends it‘s no longer on the hook for $12.9 million it owes various local taxing bodies this year and
$12.3 million it will owe next year.
ICVA might take out loan to market city for conventions
The Indianapolis Convention & Visitors Association is so desperate for more marketing funding, the organization charged
with promoting the city as a convention and tourism destination is considering taking out a loan. While that
would be the last resort, ICVA CEO Don Welsh said it is one he will have to consider if the money can’t be raised through
local taxes.
MARCUS: If not taxes, how about user fees?
“Most people hate to pay taxes,” Gregory Goad said. “They don’t appreciate the services taxes support,
they don’t understand why taxes are necessary, or they don’t like to help people in need.”
MARCUS: Grouch finds good in the economy
To use a gardening metaphor, have the courage to prune back in a tough economy, and plant new seeds before the weather improves.
MARCUS: Let’s reassess reassessment
The process of assessment could be simplified and performed uniformly and inexpensively.
Consider progressive taxes
Put some progressivity into Indiana tax rates when passing the Indiana state budget.
Tourism should not be our focus
If a city really wants to attract people to its city (to live and visit), it has to become a better city, but to become a better city it has to know what it is and what it wants to be and what it can be.