State Budget
Indiana casinos face falling revenue, new competition
May 20, 2012
Associated PressIndiana's nearly 20-year-old casino industry is facing declining revenues and growing out-of-state competition, prompting
lawmakers to consider what, if any, regulatory changes might be able to stem the tide.
MoreIndiana agency restoring $10M for child services
May 3, 2012
Associated PressIndiana's child protection agency is restoring about $10 million in funding to boost in-home programs and services, three
years after asking providers of those services to cut their rates by 10 percent.
MoreEx-bank exec Alley to take over Indiana revenue office
April 13, 2012
IBJ Staff and Associated PressFormer Fifth Third Bank president Mike Alley will take over as the state's revenue commissioner. He'll replace John Eckart,
who resigned last week amid controversy over misplaced local option income taxes.
MoreIndiana panel set to start review of $205M tax error
April 12, 2012
Associated PressA leading legislator said he expects the State Budget Committee to take some time reviewing a second computer programming
mistake made by the Indiana Department of Revenue that short-changed local governments by about $205 million.
MoreIndiana officials step down after $205M in local taxes mishandled
April 5, 2012
IBJ Staff and Associated PressThe head of Indiana's Department of Revenue and two other officials are resigning after $205 million in local option income
taxes were not distributed to counties. Marion County will get an extra $41 million from the oversight.
MoreTalks continue on Indiana tax, spending plans
March 6, 2012
Associated PressIndiana lawmakers are working toward final agreement on several tax and spending issues in the last days of this year's
legislative session.
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 senators approve state fair, education money
February 29, 2012
Associated PressState senators allocated more state money for victims of the Indiana State Fair stage collapse and full-day kindergarten as
part of a broad spending plan approved Wednesday.
MoreDeals expected on Indiana inheritance tax, tax refund
February 27, 2012
Associated PressBudget leaders in the Indiana Legislature are nearing agreement on plans for phasing out the state's inheritance tax and
changing the automatic taxpayer refund so that it could only be triggered every other year.
MoreIndiana funding jump would end kindergarten fees
February 25, 2012
Associated PressParents across Indiana weary of paying sometimes-hefty fees for their children to attend full-day kindergarten classes could
soon catch a break.
MoreIndiana lawmaker says school bus fees increase danger
February 8, 2012
Associated PressIndiana's public school districts wouldn't be able to end school bus service for their students under a proposal advancing
in the General Assembly after protests from parents in a suburban Indianapolis district who now face annual bills of more
than $400 a child for rides to and from school.
MoreIndiana tax collections below target for January
February 7, 2012
Associated PressIndiana's state tax collections came in slightly below projections for January, the first monthly shortfall since the
new state budget year began last July.
MoreState's gambling jackpot starts to shrink
January 28, 2012
Kathleen McLaughlinIndiana casinos saw their take from gambling fall in 2011, and new competition in Ohio and perhaps other neighboring states
virtually guarantees things will get worse from here.
MoreIndiana Senate to consider changing tax-refund plan
January 19, 2012
Associated PressAn Indiana Senate committee is advancing a plan to put more money into state savings accounts before automatic tax refunds
go out to taxpayers.
MoreIndiana reaches online sales tax deal with Amazon.com
January 9, 2012
IBJ Staff and Associated PressAmazon.com will begin collecting Indiana's 7-percent sales tax from customers in 2014 under an agreement with the state
announced Monday.
MoreTop budget aide to Indiana governor steps down
January 9, 2012
Associated PressGov. Mitch Daniels' top budget official is stepping down after being part of the Indiana governor's administration
since he took office seven years ago.
MoreIndiana continues to see state tax revenue gains
January 5, 2012
Associated PressIndiana's state tax collections continue to run well ahead of a year ago, with last month's revenue nearly 5 percent
greater than in December 2010.
MoreIndiana lawmaker: Online tax could replace estate tax
January 3, 2012
Associated PressState Sen. Luke Kenley is floating the idea of using an online sales tax to help replace revenue that wouldn't be collected
if a proposal to eliminate the state's inheritance tax becomes law.
MoreDaniels: Lawmakers will decide on more state fair money
December 29, 2011
Associated PressGov. Mitch Daniels will push for more money for victims of the Indiana State Fair stage collapse, but lawmakers will have
to decide how much.
MoreBudget official: State was warned about tax collections
December 14, 2011
Associated PressDemocrat Erik Gonzalez of the state's budget-forecasting committee said his panel warned the Indiana Department of Revenue
something was wrong with corporate tax collections two years before the state discovered it misplaced $320 million.
MorePanel rejects audit of Indiana revenue department
December 14, 2011
Associated PressRepublican members of the State Budget Committee have rejected Democrats' request for an independent audit of the Indiana
Department of Revenue for misplacing $320 million.
MoreComplex accounts made it easy for state to miss $320M
December 11, 2011
Associated PressIndiana House and Senate Democrats say they want an investigation into how the money went missing for so long. They submitted
a letter to the state's budget forecasting committee requesting an independent audit of the state's finances.
MoreDaniels says state discovers extra $300 million
December 6, 2011
Associated PressIndiana Gov. Mitch Daniels says the state budget will see a one-time cash infusion of $300 million from tax collections that
weren't properly transferred into the general fund.
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 property tax caps slice 2011 bills
August 23, 2011
Associated PressIndiana property taxpayers saw their savings grow by 32 percent this year compared to a year ago thanks to statewide tax caps
on their 2011 bills, according to a state report.
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Great article Anthony. Glad IMS is finally being run like a business and not a personal check book to finance the "Vision".
Things are looking up but 15 years of scorched earth won't be fixed overnight. Unfortunately the TV ratings are still poor and that won't change anytime soon with the brilliant 10 year contract signed under the former regime.
Brett not sure why you wonder what he said in his quote. "''I would like to jump in a time machine, go back to 1995, and tell the owners and Tony George not to split,'' Franchitti said. ''As soon as my time machine is done, I know where I'm going.''"
Pretty clear, he would love to go back and tell TG and the team owners not to split.
I am not sure there is anyone who wanted the split, and I don't think there is anyone who would not like to go back and prevent the split. But, as has been discussed ad nauseum, without the split carts management by team owners would have run all of ow racing into bankruptcy. If cart had such a wonderful product, then losing IMS would not have forced it into bankruptcy. If NASCAR lost Daytona or Charlotte, it would not fail like cart did.
Truth,
So you predicted that cart would go into bankruptcy and cease to exist while Indycar would continue on? I missed that prediction.
I want to live in a city that has a garage structure to be proud of for it's innovating design!
Well written Anthony. I think the toughest thing for the Hulmans and true of any family company is that reality was getting more complex than could be handled by the family. Almost any family owned business must realize that or die. Tough decisions, but ones that had to be made.
I don't like the wall signage, but in this era of sports marketing it is almost required. Many folks cringed at advertising at Assembly Hall and Hinkle fieldhouse, but times and finances change.
Thanks also for reminding us the other blue chip sponsors IMS has picked up.
Not to mention how it would improve the view from the offices of the AUL building. Do you remember when Circle Center had a contest for the best roof design after the mall was completed? Great opportunity here...