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budget \ income taxes \ Mike Pence \ roads \ schools \ tax cuts
Pence signs budget, tax-cut bill into law
By Lesley Weidenbener TheStatehouseFile.com INDIANAPOLIS – Hoosier workers will get income tax breaks in 2015 and 2017 under a $30 billion, two-year budget bill that Republican Gov. Mike Pence signed into law Thursday. The bill reduces individual income tax rates by a total of 5 percent in two steps. It will save a household with [...]
budget \ Chris Atkins \ revenue \ taxes
April tax receipts beat recent forecast
By Samm Quinn TheStatehouseFile.com INDIANAPOLIS – The first monthly revenue report since lawmakers passed a new two-year state budget came in 4 percent higher than projections made just a few weeks ago. Tax revenue in April was also almost 4.5 percent higher than collections the previous year. State Budget Director Chris Atkins total revenue for [...]
Brian Bosma \ budget \ Greg Porter \ Mike Pence \ tax cuts \ taxes
Gov. Pence fought hard to end for 10 percent tax cut
By Lesley Weidenbener TheStatehouseFile.com INDIANAPOLIS – Two nights before the end of the legislative session – with time ticking away for a budget deal to be done – Republican Gov. Mike Pence finally accepted that he wouldn’t be getting his 10 percent income tax cut. He’d been meeting for weeks with legislative leaders around [...]
budget \ schools \ tax cuts \ taxes
House, Senate pass tax cuts, budget with more spending for roads, schools
By Lesley Weidenbener TheStatehouseFile.com INDIANAPOLIS – Lawmakers sent Gov. Mike Pence a tax package Friday night that majority Republicans called a win for Hoosiers but Democrats lambasted as a joke. One day after Republicans reached months in the making, the two-year budget and tax bill passed easily – but largely along party lines. It cuts [...]
Brian Bosma \ budget \ David Long \ education \ Luke Kenley \ Mike Pence \ Pat Bauer \ schools \ taxes \ Tim Skinner
Budget includes 5 percent income tax cut, more spending on schools and roads
By Samm Quinn and Lesley Weidenbener TheStatehouseFile.com INDIANAPOLIS – Lawmakers will vote Friday on a two-year, $30 billion budget that phases in a 5 percent cut in the individual income tax rate, eliminates the inheritance tax and boosts money for roads and schools. House Speaker Brian Bosma, a Republican, said the tax cuts will “impact [...]
Brian Bosma \ budget \ casinos \ David Long \ education \ gambling \ schools \ taxes \ Tim Brown
Lawmakers near final deals on budget, vouchers, gambling and more
By Megan Banta TheStatehouseFile.com INDIANAPOLIS – Legislative leaders say they’re closing in on deals to cut taxes, boost school spending and expand the state’s private school voucher program just days before the General Assembly is to adjourn for the year. House Speaker Brian Bosma, R-Indianapolis, said lawmakers want to include the “largest single tax cut [...]
budget \ income taxes \ Mike Pence \ taxes
Pence: Tax cut would spur jobs that Indiana needs
By Lesley Weidenbener TheStatehouseFile.com INDIANAPOLIS – Gov. Mike Pence made an economic argument for his 10 percent income tax cut on Wednesday, just hours before legislative fiscal leaders met publicly to begin final negotiations on a two-year spending plan. Pence said that Hoosiers’ per capita income is lagging and the state’s unemployment rate remains too [...]
budget \ income taxes \ Luke Kenley \ Mike Pence \ tax cut \ taxes \ Tim Brown
Pence says new projections mean lawmakers should pass tax cut
By Samm Quinn TheStatehouseFile.com INDIANAPOLIS – Gov. Mike Pence made yet another pitch for his income tax cut Tuesday, saying new revenue projections show the state can afford it, even with increases in spending on roads and schools. But legislative fiscal leaders are skeptical and said the new money won’t be enough to give Pence [...]
budget \ conference committee \ taxes
Budget bill heads to conference committee after Senate passage
By Tim Grimes TheStatehouseFile.com INDIANAPOLIS – The fate of Gov. Mike Pence’s proposed individual income tax cut is in the hands of top House and Senate negotiators now that both Republican-dominated chambers have approved their own versions of a new state budget. The Senate voted Tuesday night to approve a two-year, $29.5 billion spending plan [...]
Abdul Hakim-Shabazz \ budget \ Mike Pence
Commentary: Hoosiers likely to get half-billion dollar tax cut
By Abdul Hakim-Shabazz IndyPoltics.Org Unless something changes between now and April 29, Hoosiers can expect to see close to half a billion dollars put back into the Indiana economy over the next two years. As the State Budget Committee learned that revenues are expected to increase by $290 million over the biennium, that became the [...]