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Projections: Tax revenue will be $213 million less for next budget

By Lesley Weidenbener TheStatehouseFile.com INDIANAPOLIS – State lawmakers will have about $213 million less to spend during the next two years than they thought when they started working on the 2016-2017 budget. That’s a drop of less than 1 percent each year, according to a revenue forecast the State Budget Committee received Thursday morning. So […]

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Balanced budget amendment passed by House; awaits action in 2017 or 2018

By Erika Brock TheStatehouseFile.com INDIANAPOLIS – The proposed balance budget amendment that passed the House on Wednesday now must wait until 2017 for the General Assembly to approve it a second time. “By voting in favor of the balanced budget amendment, Indiana House members took an important step toward ensuring that the fiscal responsibility of […]

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Budget moves to conference committee; revenue forecast to determine final spending

By Lesley Weidenbener TheStatehouseFile.com INDIANAPOLIS – The Senate passed a two-year, $31.5 billion budget Wednesday but the plan is about to go under the knife. The Republican-written budget includes more money for K-12 schools, technical programs and state universities, with a particular emphasis on Indiana University and Purdue University regional campuses. But the proposal’s main […]

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Guest column: On ‘tax day,’ how to lower the income tax

By Eric Schansberg Indiana Policy Review We pay taxes every day. But for many people, April 15th represents “Tax Day” — the day when our income tax forms are due. Many people file their 1040’s sooner, particularly when they’re receiving refunds. They have allowed the government to keep too much of their money all year. […]

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Indiana gets AAA rating again; credit agency says balanced budget amendment good idea

By Aubrey Helms TheStatehouseFile.com INDIANAPOLIS – A proposed balanced budget constitutional amendment could give the state firmer ground to stand on when it comes to its high credit rating, Standard & Poor’s said in a report Tuesday. The credit rating renewed the state’s AAA credit rating, the highest available rating. “Indiana continues to stand out […]

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Webcast: The Senate unveils its budget, a stadium bill moves forward & Final Four fans talk RFRA

Anchors Deron Molen and Andi TenBarge give us the week’s headlines. Webcast April 10, 2015 from TheStatehouseFile.com on Vimeo. You may also like Video & story: Carly Fiorina visits Indy, see… Video & story: Veterans, lawmakers clash over… Webcast: Pence’s approval ratings fall, the … Projections: Tax revenue will be $213 million less…

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Tax receipts fall below projections – again

By Erika Brock TheStatehouseFile.com INDIANAPOLIS – State tax revenue in March failed to reach projections for the seventh time in the last nine months, raising questions about how much spending the state can afford during the next two years. State Budget Director Brian Bailey revealed the revenue report Wednesday, the day before Senate Republicans planned […]

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Governor’s balanced budget amendment heads to full House

By Alec Gray TheStatehouseFile.com INDIANAPOLIS – Gov. Mike Pence’s proposed balanced budget amendment passed a House committee on Tuesday after two members were allowed to vote after arriving late. The House Judiciary Committee initially voted 5-5, which would have kept the bill from passing. Because the vote tied, the bill did not fail, but instead […]

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Bill to ban taxes on Internet access moves to full House

By Alec Gray TheStatehouseFile.com INDIANAPOLIS – Indiana took another step toward becoming the first state to prohibit taxes on Internet access after a bill that would implement a permanent ban passed the House Ways and Means Committee unanimously. Senate Bill 80 might be largely meaningless. The federal Tax Freedom Act has put a moratorium on […]

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Lawmakers mull earlier unemployment loan payoff, could save firms $300+ million

By Lesley Weidenbener TheStatehouseFile.com INDIANAPOLIS – The state is on track to pay back $2.2 billion in federal unemployment loans in May 2016 – roughly four years earlier than originally projected. And a key lawmaker says that payoff could happen yet this year – a move that would save Hoosier businesses some $327 million in […]

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