Not-for-profit-sector lobbyists are fighting President Obama’s proposal to limit the tax deduction for charitable donations. Yet some local fundraisers who could be affected by it aren’t concerned.
A drop in local income-tax revenue could put Indianapolis Mayor Greg Ballard between a familiar political rock and hard place as he faces re-election. Next year’s budgets must be approved in October, when Ballard’s race with Democratic challenger Melina Kennedy will be in the home stretch.
Governor, economic development officials look to lure companies to Indiana that now may find doing business in Illinois too costly. But a few experts question whether the state will see any immediate benefits.
The State Department of Revenue estimates the change will affect about 1 million taxpayers and save the state about $200,000 in the next fiscal year.
Dwindling 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.
Federal prosecutors allege man embezzled $1.6 million from a title insurance company.
After 30 years of government
studies of a regional transportation system, a private-sector group on Wednesday is set to unveil its own
plan that includes commuter rail and toll lanes added to congested interstate highways.
Indiana taxpayers filed a record 2.2 million electronic federal tax returns this year.
The association representing 470 cities and towns wants lawmakers to pass legislation that would give municipalities the authority
to adopt local option income taxes.