Indiana budget outlook shows bigger-than-expected tax revenue jump
A new state tax revenue forecast given Thursday to state legislators projects state tax collections going up by more than 4% in in each of the next two years.
A new state tax revenue forecast given Thursday to state legislators projects state tax collections going up by more than 4% in in each of the next two years.
Lawmakers gave final approval Wednesday to a disputed bill seeking to remove protections from Indiana’s already diminished wetlands amid mounting criticism that the legislation could cause damage to the state’s waterways, wildlife and vegetation.
Lawmakers approved two environmental bills Tuesday that critics say could damage the state’s ecosystems by scaling back current policy affecting water, energy and other resources.
The deficit has been driven higher by trillions of dollars in support Congress has passed in successive economic rescue packages since the pandemic struck in early March 2020.
The Biden White House is amplifying the push for its $2.3 trillion infrastructure package with the release of state-by-state breakdowns that show the dire shape of roads, bridges, the power grid and housing affordability.
The president of the state’s largest business organization says the Senate’s proposed tax amounts to “a measly one-tenth” of the state’s cigarette tax and is “arguably worse than no increase at all.”
The state has an estimated $3 billion in federal funding coming its way. IBJ decided to ask what would happen if officials did something big and bold with the money.
For nearly a decade, voices across Indiana have raised warning flags about the need to repair the state’s aging water-utility systems and make plans to meet the growing water demand.
Most Indiana leaders and politicians agree that providing every Hoosier with a high-speed broadband connection is a worthy goal, if not a high priority. But they disagree over how to accomplish and pay for it.
Improving a 58-mile stretch of the White River and taking advantage of the natural resource that flows through the Indianapolis area has been on local leaders’ wish list for years.
Unlike many other states, Indiana has its fiscal house in order so this federal money is a rare opportunity for thoughtful new investment.
It is up to the state to get relief into the hands of those who need it most.
The Westfield City Council president is questioning whether to move forward with a road-widening project more than a decade in the making over concerns that it will exceed its budget.
The Indiana Legislature passed a bill Thursday that allows the state to withhold funding to cities that fail to protect public monuments and memorials from vandalism.
The budget proposal, presented Thursday to the Senate Appropriations Committee, would increase state funding for K-12 education by $408 million over the next two years.
The president has taken heat from Republican lawmakers and business groups for proposing that corporate tax increases should finance a $2.3 trillion infrastructure package that goes far beyond the traditional focus on roads and bridges.
Although the bill still broadly reduces wetlands protections, the Hoosier Environmental Council called the amendment “much less damaging” than the Senate-passed version of the bill.
The man known during his campaign as “Mayor Pete” faces the first test of that potential in his first job in Washington: Selling a $2.3 trillion infrastructure program that will be paid for with corporate tax hikes.
Goods entering the U.S.—ranging from Austrian grand pianos and British merry-go-rounds to Turkish Kilim rugs and Italian anchovies—could face tariffs of as much as 25% annually.
While the state’s rollout of eligibility for the vaccine has come under some fire, many Hoosiers have begun planning for a summer and fall free from worry, ready to resume their normal lives.