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State finishes year with money in the bank; Democrats say spend some of it

By Amanda Creech TheStatehouseFile.com INDIANAPOLIS — Republican leaders boasted Thursday as they closed the books on the 2015 fiscal year, saying a $210 million surplus and more than $2.1 billion in the bank is a sign of Indiana’s financial integrity. But Democrats say the surplus just shows the state is hoarding money that could be […]

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Hoosier Lottery changes contract with GTECH

By Katie Stancombe TheStatehouseFile.com INDIANAPOLIS — The Hoosier Lottery Commission decided to restructure its contract with Rhode Island based GTECH after a down spiral in profits over the past two years. Simply put, GTECH failed to meet their required income of $320 million in fiscal year 2015. Hoosier Lottery Spokeswoman, Courtney Arango, said that the […]

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New law: Tax credit program falls to the wayside in favor of grants for historic properties

By Katie Stancombe TheStatehouseFile.com INDIANAPOLIS — A new grant program will create a fresh start for Hoosier developers to preserve and rehabilitate historic properties that could bring more tax revenue to the state, starting in fiscal year 2017. With the switch, the state is abandoning a tax credit program that had the same purpose but […]

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State tax credit cap reached for K-12 scholarship donations

Staff Report TheStatehouseFile.com INDIANAPOLIS – State tax credits available for K-12 tuition through Indiana’s Tax Credit Scholarship Program maxed out on Tuesday. Credits are currently capped at $7.5 million but will go up over the next two years to $8.5 million and $9.5 million, respectively. The program is funded by private donations. “This year Hoosiers […]

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To collect revenue, some states put tax scofflaws in virtual ‘stocks’

By Elaine S. Povich Stateline.org Almost two-thirds of the states – including Indiana – are punishing tax delinquents with a digital version of the Colonial practice of locking lawbreakers in stocks set up in the village square. It turns out publishing the names of tax scofflaws and the amounts they owe on the Internet works spectacularly […]

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State still working on details of tax amnesty program

By Adrianna Pitrelli TheStatehouseFile.com INDIANAPOLIS – State officials haven’t yet determined when they’ll launch a tax amnesty program the legislature authorized last month – but they say a decision is coming soon. The eight-week program will let tax scofflaws catch up on taxes they’ve failed to pay through Jan. 1, 2013. Amanda Stanley, a spokesman […]

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Pence signs budget $31 billion, two-year budget bill

By Andi TenBarge TheStatehouseFile.com LEBANON, Ind. – Gov. Mike Pence signed a two-year, $31.3 billion state budget into law on Thursday surrounded by kids at Perry Worth Elementary School in Boone County. The bill means $460 million more for public schools and private school vouchers plus another $20 million in extra funding for charter schools. And […]

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How Gov. Pence fared on 4 key agenda items

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How Gov. Pence fared on 4 key agenda items

By Lesley Weidenbener TheStatehouseFile.com INDIANAPOLIS – Lawmakers handed Gov. Mike Pence wins on nearly every piece of his legislative agenda during the 2015 session that ended late Wednesday. It was almost a sweep. And even some legislators seemed surprised by how well the Republican governor – who just weeks ago seemed crippled by a furor […]

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Balanced budget amendment passes first test

By Alec Gray TheStatehouseFile.com INDIANAPOLIS – The governor’s proposed balanced budget amendment passed the General Assembly late Wednesday night. Senate Joint Resolution 19 would amend the Indiana Constitution to prohibit lawmakers from passing a budget that spends more than the state’s projected revenues. The resolution must be approved by the legislature again in either 2017 […]

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Legislature passes $31 billion budget minutes til midnight deadline

By Lesley Weidenbener TheStatehouseFile.com INDIANAPOLIS – 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. The budget passed the House and Senate just a minute before a midnight deadline along party lines and moves to […]

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