State Budget

Powerball sales drive Hoosier Lottery revenue to record high

June 28, 2013
Kathleen McLaughlin
The state lottery expects to pull in $945 million for the fiscal year ending June 30. Meanwhile, lottery operator GTECH Indiana plans to start televising Powerball and Mega Millions drawings this summer.
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Pence putting stamp on Indiana with new goals

June 17, 2013
Associated Press
Indiana Gov. Mike Pence announced Monday he will shuffle where state agencies focus most of their efforts. State Budget Director Chris Atkins said the new priorities reflect the goals that Pence laid out in his campaign.
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Legislative roundup: Session yields mixed bag

May 4, 2013
The General Assembly's work left some groups happy, some disappointed.
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State's April tax receipts beat latest forecast

May 3, 2013
 The Statehouse File
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.
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Indiana Legislature passes $30 billion budget

April 27, 2013
Associated Press
Lawmakers worked feverishly into the wee hours to hammer out agreements on the budget and other issues, including an expansion of the state's school voucher program and changes to sentencing laws.
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Anti-smoking officials say Indiana funding cuts hurt

April 27, 2013
Associated Press
A decision to cut state funding by 38 percent for programs that help people stop smoking and try to prevent others from starting worries those behind the state's tobacco cessation efforts.
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General Assembly goes late in effort to wrap us session

April 26, 2013
Associated Press
The Indiana General Assembly worked into the night Friday to hammer out final details on a two-year, $30 billion budget containing new tax cuts, a modest expansion of school vouchers, new oversight of the $2.8 billion Rockport coal gasification project and a series of other measures.
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Budget includes tax cut, more school, road funds

April 25, 2013
Associated Press
Indiana taxpayers will see their personal income tax rate reduced by 5 percent over the next four years under a budget plan agreed to Thursday by lawmakers. The plan also repeals the inheritance tax retroactive to Jan. 1.
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Size of Indiana income tax cut remains undecided

April 24, 2013
Associated Press
Indiana's new state budget will include at least a small personal income tax cut, although legislative leaders said Wednesday they weren't certain whether it will be as large as Republican Gov. Mike Pence wants.
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Pence makes final plea for tax cut in budget

April 17, 2013
Associated Press
While arguing for a 10-percent cut in the state's income tax, Pence also said he would like to see a quicker phase-out of the state's inheritance tax.
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General Assembly negotiators to hammer out state budget

April 17, 2013
Associated Press
House and Senate negotiators will take into account a rosier revenue forecast when they begin meeting Wednesday for the first of a series of meetings that will determine the final shape of Indiana's next state budget.
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Pence sees hope for tax cut in better budget forecast

April 16, 2013
Associated Press
Expectations 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.
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Indiana pension shifts to international bondsRestricted Content

April 13, 2013
The Indiana Public Retirement System recently issued a request for proposals from international fixed-income managers and received 16 responses by the April 5 deadline. The $27.1 billion retirement system will hire two managers to oversee $900 million.
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Indiana Senate approves $30B budget, partial tax cut

April 9, 2013
Associated Press
The plan keeps much of the additional education spending that House Republicans added to their budget proposal in February. But the Senate package also includes a $150 million cut to personal income taxes.
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Ohio competition sends Indiana casino revenues down

April 9, 2013
Associated Press
Indiana's riverboat casino revenues fell 4.4 percent in March, dragged down by declines at two southeastern Indiana venues that faced their first month of head-to-head competition with a Cincinnati casino.
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Revenue forecast could swing Pence's tax-cut hopes

April 9, 2013
Kathleen McLaughlin
The 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.
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Senate budget pushes highway expansion, small tax cuts

April 4, 2013
 IBJ Staff and Associated Press
Indiana lawmakers and Gov. Mike Pence drew closer to a budget compromise Thursday with the unveiling of a $30 billion Senate plan that cuts the state income tax by $150 million and establishes a new roads fund.
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Senate budget expected to boost road funding

April 3, 2013
Kathleen McLaughlin
Local governments and road builders are optimistic that the Indiana Senate's version of the state budget, set to debut Thursday, will mirror the House's $500 million increase for road building.
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Pence, Bosma try to keep reins on intraparty tax battle

March 25, 2013
Associated Press
Republicans typically invoke Ronald Reagan's "11th Commandment" when they're fighting within the family, and there's been plenty of infighting recently over Gov. Mike Pence's tax cut at the Statehouse.
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Schools chief, mayors seek more funds from Senate

March 21, 2013
Associated Press
The two groups most likely to benefit from changes made by Indiana House Republicans to the state budget asked Thursday that the Senate Appropriations Committee maintain new funding for roads and schools, and maybe find a little more.
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IU president encouraged by state budget plan

March 14, 2013
Associated Press
A proposed boost in the state's higher education funding is an encouraging step after more than $150 million was cut during the recession, Indiana University's president said Thursday.
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Indiana Senate budget panel looks at college funding

March 14, 2013
Associated Press
The Senate Appropriations Committee is examining the state of higher education funding as it continues Indiana's budget deliberations.
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Pence objects to proposed gambling expansion

March 12, 2013
Associated Press
Indiana Gov. Mike Pence is asking lawmakers not to approve an expansion of gambling despite pressure from new casinos in bordering states.
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Senate budget leader: Schools, roads need boost

March 7, 2013
Associated Press
Indiana lawmakers have been aggressive in cutting taxes in recent years, the state Senate's top budget writer said Thursday as his committee started reviewing a spending plan that leaves out Republican Gov. Mike Pence's proposed 10-percent income tax cut.
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Indiana, Kentucky brace for new casino in Cincinnati

March 3, 2013
Associated Press
With a glistening $400 million casino set to open in downtown Cincinnati on Monday, officials and casino executives in two neighboring states are looking at the development with trepidation as they prepare to watch tax dollars flow into Ohio.
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