The major drop in economic development funding is among a series of cuts made to the budget after lawmakers learned they’d have less to spend than they earlier anticipated. ... Read More
Gov. Mike Braun and top legislative leaders announced Wednesday they plan to triple the state’s cigarette tax to nearly $3 per pack and increase taxes on other tobacco products, raising about $810 million in additional revenue over the next two years.... Read More
Gov. Mike Braun confirmed Tuesday he is arranging for an independent audit of Indiana Economic Development Corp.’s spending and accounts, just weeks after he ordered more transparency for the agency’s nonprofit foundation.... Read More
Last year, Indiana was the beneficiary of over $177 billion in federal support, according to an Indiana Fiscal Policy Institute analysis released Monday.... Read More
Legislators determined to cut property tax bills for homeowners and businesses this session have left local officials with difficult choices about whether to cut services or raise income taxes to make up for substantial funding gaps over the next three years.... Read More
In order for the cuts to kick in, the legislation stipulates that the state’s revenue must hit certain growth benchmarks. However, the state hasn’t reached those benchmarks in at least two decades.... Read More
Indiana fiscal leaders learned Wednesday they’ll need to build the state’s next biennial budget around a $2 billion decrease in projected revenue, further constricting what’s already been a tight budget-crafting process.... Read More
Gov. Mike Braun debuted a suite of executive orders under his “Make Indiana Healthy Again” initiative Tuesday morning, drawing support from top Trump administration officials Robert F. Kennedy Jr. and Dr. Mehmet Oz.... Read More
The Indiana Senate voted early Tuesday morning to send the House’s version of a high-profile property tax bill to the governor, passing legislation that has been criticized both for not providing enough homeowner relief and for reducing revenue for...... Read More
The $46.8 billion balanced budget—meaning spending does not exceed revenue—was more difficult to achieve this year than most due to the state’s growing Medicaid costs and slowing revenue growth.... Read More
