House Republicans’ road plan includes gas-tax increase, user fees
The proposal calls to raise three taxes and implement new user fees. House Speaker Brian Bosma said he expects the plan to cost most Hoosiers about $4 per month.
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Budget top priority as lawmakers head back to Statehouse
As GOP leaders preach frugality ahead of the annual legislative session that kicks off Tuesday, they are also planning for a big increase in infrastructure spending—and are considering raising taxes of some kind to pay for it.
City officials to vote on Rexnord’s $381K tax-break clawback
The resolution directs the manufacturer to pay back the money and authorizes the Department of Metropolitan Development “to take such action as is necessary to recover said damages.”
GOP leaders says some type of tax hike needed for Indiana roads
Incoming Gov. Eric Holcomb has said he wants to develop an infrastructure plan that could cover the next 20 years. But he has yet to weigh in on specifics and hasn't indicated his stance on a tax increase.
Report: Tribal casino may cut Indiana revenue by $355M
A tribal casino set to open in South Bend in 2018 could reduce Indiana's tax revenue by more than $350 million in its first five years, according to a report released Tuesday by a group that represents most of Indiana's commercial casinos.
Workers at endangered Indiana plant feel forgotten by Trump
Connecticut-based United Technologies, the parent firm of Carrier Corp., said in a statement that its plans to send 700 Huntington jobs to Mexico haven’t changed.
City-County Council votes to expand downtown TIF district
Council members voted 24-1 to include in the TIF district the former General Motors stamping plant property and the Market East District.
Holcomb to keep Vincent as budget office director
Micah Vincent has served as director of the Office of Management and Budget since 2015 after he was tapped for the role by Gov. Mike Pence.
Trump threatens payback for U.S. companies that move abroad
President-elect Donald Trump is threatening to impose heavy taxes on U.S. companies that move jobs overseas and still try to sell their products to Americans.
Treasury pick Mnuchin predicts tax cuts to double U.S. growth
U.S. Treasury Secretary-nominee Steven Mnuchin outlined an economic agenda aimed at almost doubling the growth rate of the current expansion, saying he will boost jobs by making tax reform his overriding priority.
For some in middle class, Trump plan could mean higher taxes
A majority of single-parent households in America could pay more in taxes under president-elect Donald Trump’s proposals, while the richest 1 percent could see a 13.5 percent decrease in taxes.
Council committee approves expanding downtown TIF
The proposal, which supporters say will spur development in needed areas, still needs the support of the full City-County Council to move forward.
Gas, cigarette tax hikes on table again as lawmakers weigh road-funding options
House Speaker Brian Bosma said Monday at the Indiana Chamber’s annual legislative preview event that he wanted funding for Indiana’s roads and bridges that would last for “a generation”—and the question now is how the Legislature will go about paying for it.
City tries to claw back $380,675 from exiting Rexnord Corp.
As the manufacturer prepares to move its Indianapolis operations to Mexico, city officials are demanding a refund in tax incentives received by the firm.
Mayor unsure how much of Rexnord incentives city could claw back
Indianapolis officials had success recovering $1.2 million from Mexico-bound Carrier Corp. In the case of Rexnord Corp., which announced a tentative plant closure last week, the incentives in play could be far less.
Washington Township district warns of staff cuts if voters don’t choose tax hike
If the school district’s ballot measures worth $230 million pass, the district says it will upgrade technology, renovate existing schools and build a new elementary school.
Young, Bayh trade barbs in heated Senate debate
Democrat Evan Bayh and Republican Todd Young accused each other of being Washington insiders and putting special interests over Hoosiers during Tuesday night’s charged debate.
Holcomb touts GOP economic record at debate; Gregg frustrated with ‘status quo’
The three gubernatorial candidates—Democrat John Gregg, Republican Eric Holcomb and Libertarian Rex Bell—debated issues relating to jobs and the economy at the debate at University of Indianapolis.
Downtown TIF expansion in works
Mayor Joe Hogsett’s administration is targeting the former General Motors stamping plant site on the west side, where development plans have stalled, and the upstart Market East District on the opposite end of downtown.
Cash-short cities mull new wheel-tax option
Indiana cities with a population of at least 10,000 are now allowed to impose an excise surtax and wheel tax to fund road projects and maintenance, under legislation passed this year.