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State ends fiscal year with more than $2 billion in the bank

By Alec Gray TheStatehouseFile.com INDIANAPOLIS – The state ended the fiscal year on June 30 with $2 billion in the bank and spent $107 million less than it received from taxes, state Auditor Suzanne Crouch announced at the state’s 2014 closeout on Monday. Overall, the state spent roughly $15 billion during the last fiscal year, […]

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Concerns raised over possible tax hike for electric cars

By Alec Gray TheStatehouseFile.com INDIANAPOLIS – The Indiana Office of Utility Consumer Counselor and Rep. Cherrish Pryor, D-Indianapolis, both voiced concerns about a potential rate increase proposed by Indianapolis Power and Light that could help fund some of the start up costs for the BlueIndy project. The request for a 44 cent, per month, per […]

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30 Laws: New law means more dollars for state highway projects

By Paige Clark TheStatehouseFile.com INDIANAPOLIS – Gov. Mike Pence’s administration is using $200 million authorized by a new state law to widen Interstate 65 south of Indianapolis and Lafayette – and could get more money for projects next year. Gov. Mike Pence signed a bill in March – authored by Rep. Tim Brown, R-Crawfordsville – to […]

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Indiana settles dispute with tobacco companies

By Emily Metheny TheStatehouseFile.com INDIANAPOLIS — Indiana has settled a dispute with major tobacco companies that could have dramatically cut payments that now fund major health programs. The agreement means the state will still receive less cash than under the Master Tobacco Settlement that Indiana and other states signed in 1998. But state officials said […]

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Tax conference features conservative viewpoints on economics

By Seth Morin TheStatehouseFile.com INDIANAPOLIS – Tax reform and tax relief were the focus points of the Tax Competitiveness and Simplification Conference at the Indiana Government Center. Tax policy experts from Indiana and around the country gathered at the event hosted by Republican Gov. Mike Pence. Pence said the focus is on how Indiana can […]

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Video & story: Lawmakers will study whether to expand rehab tax credit

By Jesse Wilson TheStatehouseFile.com INDIANAPOLIS - Legislators are set to delve into a study of the state’s historic preservation tax credit – a program so backlogged that it has become all but unusable. For years, developers used the credit to turn crumbling buildings into income-earning properties, bolstering communities along the way. But the state’s cap on […]

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Pence: State on track to finish fiscal year in the black

By Paige Clark and Jess Seabolt TheStatehouseFile.com INDIANAPOLIS – With one month left in the fiscal year, state tax receipts are more than $200 million less than lawmakers thought when they wrote the current state budget. But Gov. Mike Pence said Friday that the state is on track to finish the fiscal year on June […]

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States pursue tax cuts as recovery takes hold

By Elaine Povich Stateline.org Minnesota Gov. Mark Dayton use crutches at his first public appearance at the state Capitol in St. Paul, since undergoing hip surgery. He was there to press for tax cuts, as many other governors are doing. Maybe New York Gov. Andrew Cuomo should borrow a pair of crutches. They might have helped […]

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Pence announces tax conference; receives award

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Pence announces tax conference; receives award

By Erika Brock TheStatehouseFile.com INDIANAPOLIS – Gov. Mike Pence announced that Indiana will host a conference this summer to help strengthen, make more competitive, and simplify the state’s tax laws. Pence said the Indiana Tax Competitiveness and Simplification Conference on June 24 will examine both business and individual taxes. He also said the Tax Foundation […]

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Tax revenue stabilizes in March but still behind for fiscal year

By Lesley Weidenbener TheStatehouseFile.com INDIANAPOLIS – State tax receipts beat projections in March but a key lawmaker said it’s not enough to clear concerns about the state’s finances. Revenue topped $1.02 billion last month – about 1.4 percent more than estimates released last December. That’s also 11.6 percent more than in March 2013. Senate Appropriations […]

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