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Revenue Forecast
Pence sees hope for tax cut in better budget forecast
April 16, 2013
Associated PressExpectations that Indiana will collect $290 million more in taxes have Gov. Mike Pence's team optimistic they can win
a $500 million cut in the state's personal income tax this session.
MoreRevenue forecast could swing Pence's tax-cut hopes
April 9, 2013
Kathleen McLaughlinThe state revenue forecast due out April 16 will influence the next two-year budget and possibly help Gov. Mike Pence sell
lawmakers on his proposed 10-percent income-tax cut. Experts predict the numbers won't be much different from those in the
last forecast.
MoreIndiana closes year with $2.1B in cash reserves
July 12, 2012
Associated PressIndiana's state government is sitting on cash reserves of $2.15 billion following a year of continued budget cuts and
improved tax collections.
MoreIndiana tax collections below target for 2nd month
March 5, 2012
Associated PressFigures released Monday by the State Budget Agency show tax revenues for February came in less than expected by nearly $29
million, or about 4 percent. That follows a shortfall of about 3.5 percent for January.
MoreIndiana budget picture improved modestly in September
October 5, 2011
Associated PressIndiana's budget picture continued improving last month as the state collected $31 million more in taxes than planned.
MoreIndiana tax revenue better than expected for July
August 3, 2011
Associated PressThe new budget year is off to a good start for Indiana's state government with about $23 million more in tax revenue coming
in than expected.
MoreAnalysts: Indiana taking in more money than expected
April 15, 2011
Associated PressAnalysts told the State Budget Committee on Friday they expect the state to take in some $643.7 million more in fiscal 2012
and 2013 than anticipated in the previous revenue forecast.
MoreIndiana overpays localities $610M over 3 years
February 25, 2011
Associated PressState budget officials are seeking to recoup much of nearly $610 million overpaid to local governments in fiscal years 2009,
2010 and 2011 due to income tax revenue estimates thrown off by the lingering recession.
MoreIndiana took in more revenue than expected in January
February 2, 2011
Associated PressSo far this fiscal year, collections are ahead of the state's forecast by $78 million, or 1.1 percent.
MoreIndiana lawmakers to face more tough budget decisions
January 1, 2011
Associated PressWhen lawmakers open their new session Wednesday, they won't have some of the advantages they had during the last budget-writing
debate in 2009. This time around, there will be no $1 billion in federal stimulus money to keep the budget afloat.
MoreIndiana may cut Medicaid services to check costs
December 15, 2010
Associated PressThe state Medicaid actuary projected Indiana's share of the program's costs will rise by about $1.46 billion this fiscal year,
by about $1.84 billion in the 2012 fiscal year and by about $2 billion in the 2013 fiscal year unless some services are cut.
MoreIndiana revenue shows slight gains in November
December 2, 2010
Associated PressIndiana's finances showed signs of life in November as growth in sales and individual income tax collections helped bring
in $49 million more than projected in the most recent revenue forecast.
MoreIndiana revenue in October down from year ago
November 3, 2010
Associated PressThe state Budget Agency reported Wednesday that Indiana collected $959 million in October. That's $23 million below the most
recent forecast and about $81 million less than projected in the budget lawmakers passed in 2009.
MoreReport: State must cut spending, hike taxes or both
September 9, 2010
Francesca JaroszDwindling tax revenues will cause a projected $1.3 billion budget gap as the state enters its next budget, according a report
released Thursday by the Indiana Fiscal Policy Institute.
MoreIndiana's August revenue jumps 8.4 percent from year ago
September 3, 2010
Associated PressThe state Budget Agency reported Friday that Indiana collected $938 million in August. That's $51 million above the most recent
forecast, but still $2 million less than projected in the budget lawmakers passed in early 2009.
MoreIndiana state revenue falls short of projections again
August 4, 2010
Associated PressThe State Budget Agency reported Wednesday that Indiana collected $917 million in July, $15 million below the most recent
revenue projections.
MoreState reserves down nearly half despite spending cuts
July 16, 2010
IBJ Staff and Associated PressIndiana brought in $957 million less in revenue than it budgeted for fiscal year 2010, forcing it to use almost half its reserves,
Indiana State Auditor Tim Berry announced Friday morning.
MoreIndiana revenue collections tick up, but miss projections
June 3, 2010
Associated PressThe State Budget Agency said Thursday that collections through 11 months of the current fiscal year stand about $1 billion
below the budget passed by the General Assembly in June 2009.
MoreIndiana Senate's top Democrat demands budget-cut data
June 1, 2010
Associated PressMinority Leader Vi Simpson, D-Bloomington, said the Republican governor's budget director told her that a comprehensive list
of executive branch budget reductions wasn't available. She said that's unacceptable.
MoreState revenue continues to fall short of projections
May 4, 2010
Indiana has missed budget projections for nine out of the last 10 months. April tax collections hit their lowest mark since
2004.
MoreIndiana budget chief orders another 5 percent in cuts
April 22, 2010
Associated PressState revenues are $867 million, or 9.4 percent, less than forecast through the first nine months of the current fiscal year.
MoreIndiana tax collections for February down $86 million
March 2, 2010
Associated PressTax collections for February fell $86 million below a revised December forecast. Revenue is down $166 million in the first
three months since that forecast.
MoreState funding cuts a setback for public stations
February 19, 2010
Scott OlsonThe state's eight public television and radio stations, including WFYI in Indianapolis, will not receive their final two
installments of public funding for fiscal 2010 because of Indiana's budget crisis.
MoreDaniels announces more cuts as state revenue falls again
November 6, 2009
IBJ Staff and Associated PressIndiana Gov. Mitch Daniels on Friday announced a series of spending cuts and other steps designed to offset a continuing multimillion-dollar
decline in state revenues. If the trend continues without spending cuts, he said, Indiana's reserves would be wiped out by
next August.
MoreEducation cuts could be coming, state schools chief says
November 5, 2009
Associated PressIndiana's school chief warned school superintendents Thursday that declining state revenues could force cuts in public education
spending, education officials said.
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First, let me say that I love the idea of communities being self-sufficient and people in the community not needing cars, living, working and shopping all in their neighborhood. To sum it up; I love good urban planning and hate urban sprawl. However, there are two reasons that I am against this development. First, this building doesn't fit. Density can occur in Ripple by building up top the street and better use of land. The scale of this project should be downtown. Secondly, I would be willing to bet that if a whole foods in Ripple is built, the Nora store would be closed. Here's my reasoning. The Nora Whole Foods expansion plans have been put on hold. I'm guessing they are waiting to see what happens with the Ripple proposal. Communities next to each other should work together to end sprawl and not work against each other and take other neighbors assets. Develop something both communities can be proud of and will attract more development and density. There's my soap box for the day.
My apologies, Lou - it was the Indy Star that printed cost for entertaining "celebrities" during Indy 500. Sorry for confusing the always timely IBJ with Indy's Gannett reprint news source.
That's fine if you want a grocery store that has festivals and live music. I guess with the prices they charge, they can afford to host such activities. As for me, I choose to spend my money more wisely and if I want to go to a festival or a concert, I will pay for that separately - not through my grocery bill.
TIF is not just to attract development but to attract a higher use for that development. Carmel wisely is using TIF for numerous public parking garages. Asphalt seas of parking pay little taxes and bring even less value to a commercial area. Also density is what is going to save Indy and Broad Ripple. The days of trying to compete with burbs are long gone.
The Prestige was an awesome movie.