Articles tagged as: tax revenue
May 13, 2022
Indiana collects nearly $1 billion more in April than budget expected
With just two months left in the current fiscal year, Indiana is on pace for budget reserves that could top $6 billion.
Read MoreJuly 14, 2021
Hoosiers To Get Taxpayer Refund After State Closes Books With Huge Surplus
In just the last three months, Indiana brought in $1.2 billion more than lawmakers expected.
Read MoreJune 9, 2021
Indiana Tax Collections Dramatically Exceed Expectations In May
Indiana collected far more in taxes last month than even recent rosy projections anticipated, which leaves the state well-positioned heading into the final month of the current fiscal year.
Read MoreApril 15, 2021
Lawmakers Have $2 Billion More In Funding For New State Budget After Revenue Forecast
Indiana lawmakers will have about $2 billion more to use in the new state budget after an updated projection of state tax revenues was unveiled Thursday.
Read MoreApril 15, 2021
Educators Urge Lawmakers To 'Go Big' On School Funding After New Revenue Forecast
The state's largest teachers union says it wants lawmakers to take action on recommendations made by the governor's compensation commission to boost teacher pay.
Read MoreSeptember 14, 2020
U.S. Sen. Mike Braun Won't Support Help For Indiana State Budget
State budget officials project Indiana will have a $1 billion hole in its budget by the end of the current fiscal year, even with the state's significant financial reserves.
Read MoreAugust 20, 2020
Study For State Task Force Shows Economic Effects Of Closing Coal Plants
The Schahfer, Michigan City, Petersburg and Rockport coal plants will be fully or partially closed by 2028. Thatll likely mean less tax revenue for things like schools.
Read MoreJuly 16, 2020
Indiana Faced $900 Million Budget Shortfall, Still Ended Fiscal Year With $1.4 Billion Reserve
The state is covering its shortfall through cuts to state agencies, federal help and its budget reserves -- with $1.4 billion still left in state coffers.
Read MoreJune 18, 2020
Study: State, Local Governments Face Challenges, Tax Losses From COVID-19
A recent study by Ball State University economists shows local county-level revenues may be down an average of between 2.4 and 6.8 percent this year from 2019.
Read MoreJune 17, 2020
Indiana Expects Budget Shortfall Of More Than $3 Billion By Next Year
Officials say they expect a $1.7 billion shortfall this fiscal year (which ends in two weeks) and another roughly $2 billion loss next fiscal year.
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