https://www.youtube.com/watch?v=1_GuTiO-PTg Our President and CEO Vanessa Green Sinders offers a brief recap of the 2025 Indiana General Assembly, noting key Chamber priorities that will now become state policy. And kudos to our government affairs team members for all of their hard work!
HB 1001 / Chamber Supports in Part Indiana’s updated state revenue forecast shows a shortfall of $403 million in the current fiscal year and a reduction of $1.97 billion over the next two fiscal years. Although revenue will continue to grow year over year, the pace of growth will fall far short of earlier projections. Slower job and wage [...]
(INDIANAPOLIS) — Indiana Chamber of Commerce President and CEO Vanessa Green Sinders comments on the just released April revenue forecast for the state, which will guide final budget negotiations in the General Assembly: “With today’s announcement by the State Budget Committee on the revenue forecast, it’s clear we must tighten our belts and consider new sources of revenue to ease [...]
HB 1001 / Chamber Supports in Part Last week, the Indiana House of Representatives advanced House Bill 1001, the state’s two-year budget plan, on a 66-28 party-line vote, sending it to the Senate for further consideration. The $54 billion spending package, crafted by House Republicans, includes modest increases for K-12 education, expanded school vouchers and workforce development initiatives. Key [...]
HB 1001 / Chamber Supports in Part Last week, the House Ways and Means Committee held a nearly six-hour hearing on House Bill 1001, Gov. Mike Braun’s proposed budget for the next two years. The $54 billion, 122-page budget drew testimony from more than 90 witnesses, covering topics such as education funding, school choice, economic development and healthcare [...]
HB 1001 / Chamber Supports The Senate majority version of the two-year state budget has been released and will be considered by the full chamber this week. Senator Ryan Mishler (R-Bremen), chair of the Appropriations committee, offered a 201-page amendment stripping the bill of its House-passed contents and inserting new language. All other amendments were defeated along party lines [...]
The White House recently unveiled President Joe Biden’s budget for fiscal year 2024 and it includes several proposals aimed at investing in infrastructure, economic development, workforce needs and education, as well as lowering health care costs. The budget plan also includes proposals for tax increases on businesses and individuals, which are particularly concerning to the Indiana Chamber. The budget [...]
The House approved an amended version of the two-year state budget this week on a party-line vote. The House Republicans' budget appropriates approximately $43.3B for fiscal years 2024-2025. For comparison, Governor Holcomb’s proposed budget appropriated $42.9B for the biennium. Both versions of the budget anticipate healthy reserves at or above 10-12%. The Governor’s budget projected a structural surplus of [...]
Indiana Office of Management and Budget (OMB) Director Chris Johnston and State Budget Director Zachary Jackson recently presented Gov. Eric Holcomb’s FY 2024-25 budget plan (HB 1001) to the House Ways and Means Committee. The budget is balanced and provides flexibility in both years for the General Assembly to fund the Governor’s priorities and add in their own. The [...]
“Indiana is on solid footing.” That’s how the economist giving Indiana’s economic forecast to the State Budget Committee last Thursday opened his presentation. The economist offered a positive outlook, pointing out that all key economic indicators (payrolls, unemployment rates, wages, incomes and consumer consumption) are encouraging. It is largely that positive view that lays the foundation for the revenue [...]
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