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Indiana Legislative Preview Goes Virtual on November 16; General Assembly Leaders to Discuss 2021 Policy Plans

(INDIANAPOLIS) — A panel of state legislative leaders and Indiana Chamber of Commerce officials will talk top policy issues for the upcoming General Assembly session during the virtual 2021 Indiana Legislative Preview on November 16. Programming remains the same in this year’s virtual format. The Democrat and Republican caucus leaders will reveal likely agenda items in an hour-long conversation, [...]

Rebecca Patrick2020-10-21T22:24:18-04:00October 8th, 2020|

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Not a Normal Year for Indiana Tax Collections or the Budget Process

Not a Normal Year for Indiana Tax Collections or the Budget Process

COVID, an economic shutdown and the resulting delayed due date for income taxes have combined to make the monthly revenue numbers far out of line with projections and typical monthly intakes. First, with nearly everything closed, nearly everybody staying home and people being laid off, it was inevitable that income tax withholdings and sales tax collections would plummet. Then [...]

Rebecca Patrick2020-09-18T15:03:19-04:00September 18th, 2020|

Taxation and Public Finance: State Revenues Remain Strong

Taxation and Public Finance: State Revenues Remain Strong

Review the monthly revenue collections over the last several years and you will note that they tend to fluctuate above and below the budget projections. Typically, they balance out and come pretty close to the annual projections by the end of the fiscal year. That said, three months into this fiscal year, collections are up – by $113 million [...]

Rebecca Patrick2019-10-25T12:08:20-04:00October 25th, 2019|

Top Story: New OMB Director Makes Prudent Financial Proposal for the State

Top Story: New OMB Director Makes Prudent Financial Proposal for the State

Just days into the job as Gov. Eric Holcomb’s newly appointed director of the Office of Management and Budget (OMB), Cris Johnston looked at the fiscal state of the state and made a wise call. Johnston is new to this job but not new to state finance. He has held several key positions in state government and worked on [...]

Rebecca Patrick2019-08-07T10:19:59-04:00July 19th, 2019|

Bill to Require Township Capital Improvement Plans Gets Senate Committee Approval

Bill to Require Township Capital Improvement Plans Gets Senate Committee Approval

House Bill 1177 – Township Government Issues Authored by Rep. Cindy Ziemke (R-Batesville) Requires a township to prepare a capital improvement plan for the ensuing three years if the balance in certain capital improvement funds in the preceding year exceeds 150% of the township's annual budget estimate. Prohibits the township from collecting property taxes for certain capital improvement funds [...]

Rebecca Patrick2019-04-05T13:23:44-04:00April 5th, 2019|

Examining the Governor’s Budget Proposal, Which Includes Chamber-Sought Action

Examining the Governor’s Budget Proposal, Which Includes Chamber-Sought Action

Governor Holcomb’s proposed budget for the next two fiscal years was presented to the State Budget Committee on Thursday. Furthering what has become the established practice over the last numerous budget proposals from our recent state executives, the current administration again submitted a solid, balanced, fundamentally sound budget. Essentially, this means the budget meets all the basic obligations of [...]

Rebecca Patrick2019-01-11T12:15:06-05:00January 11th, 2019|

Analyzing the Consolidated Appropriations Act of 2018

By Bill Waltz, Indiana Chamber of Commerce vice president of taxation and public finance It was largely overshadowed by other headlines, but Congress recently passed a very significant piece of legislation. The Consolidated Appropriations Act of 2018 spends a lot – I mean a lot – of money: $1.3 trillion over the next fiscal year. It includes many substantial [...]

Rebecca Patrick2018-04-13T12:39:29-04:00April 13th, 2018|

Federal Relations: Medical Device Tax Gets Reprieve, Solar Energy Price Increase, WOTUS Confusion

- On Monday, Congress passed an amended version of H.R. 195, the Extension of Continuing Appropriations Act. The bill, signed by President Trump later that day, extends government funding through February 8, 2018, as well as suspends the medical device tax for two years and renews the Children’s Health Insurance Program funding for six years. The medical device tax [...]

Rebecca Patrick2018-01-26T14:19:48-05:00January 26th, 2018|

Young and Donnelly Join Forces; Hollingsworth Endorses National Right to Work Act

- Senators Todd Young and Joe Donnelly joined Senators Debbie Stabenow (D-Mich.) and Rob Portman (R-Ohio), co-chairs of the Senate Great Lakes Task Force, in signing a bipartisan letter to Office of Management and Budget Director Mick Mulvaney calling for $300 million for the Great Lakes Restoration Initiative (GLRI) to be included in the next fiscal budget request (for [...]

Rebecca Patrick2017-10-27T14:07:13-04:00October 27th, 2017|

Budget Passes; Tax Reform Up Next – Setting the Stage

Good news coming out of Washington, D.C., this week: The U.S. House of Representatives passed a budget resolution by a vote of 216-212. As expected, Indiana Republicans supported the effort, while our two Democrat members voted in opposition. The passage of the budget is fantastic news on its own; however, it also serves as the last procedural hurdle that [...]

Rebecca Patrick2017-10-27T14:06:13-04:00October 27th, 2017|

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