With the help of outside economists, Indiana government undergoes an economic forecast every other yearâ??a process that’s taken on increased importance this spring, as Gov. Mitch Daniels and the Legislature attempt to craft a two-year budget amid the deepest recession since the early 1980s.
Which group should make the spending decisions? Consumers or elected officials?
Sometimes the news is just so good you can’t believe it, and that is just what happened with the state revenue forecast this
The two principal matters that all agree must be resolved are the biennial budget and a plan to return the Unemployment Insurance Trust Fund to solvency.
Brace yourself, because things in this legislative session are destined to get messy: the politics, the process, the personalities,
the context, and the issues and their substance, all at once.
The key legislative item at this point remains House Bill 1001, the budget bill.
Although the Kernan-Shepard report focused on local government efficiencies, it is also clear that the management of Indiana’s
public resources and assets at the regional and state level has not kept pace with the technological and socioeconomic advances
of the last century.
The state’s two biggest pension funds are poised to combine into one Indiana Public Retirement System, with a single executive
director and board.
Positive action, action for the sake of action, and inaction were all on tap in the General Assembly in recent days as lawmakers
prepared to wrap up the first half of the session.