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A number of states have a two-year or three year budget (e.g.: Kentucky) while others have a one-year budget (e.g.: Massachusetts). In the table, the fiscal years column lists all of the fiscal years the budget covers and the budget and budget per capita columns show the total for all those years.
2009 Oklahoma state budget; P. 2009–10 Pakistan federal budget; U. 2009 Union budget of India; 2009 United Kingdom budget; 2009 United States federal budget
In 2014, the Indiana state legislature passed a law that cut the corporate income tax from 8.50% in 2014 to 6.25% in 2016, with further decreases to be phased in until the rate falls to 4.9% in 2022. [5] Indiana is the only state that imposes corporate income taxes based on fiscal year instead of calendar year.
Historically, the state was a swing state, voting for the national winner all but four times from 1816 to 1912, with the exceptions of 1824, 1836, 1848, and 1876. [9] Nonetheless, half of Indiana's governors in the 20th century were Democrats. Indiana has also elected several Democrats to the Senate in recent years.
In his first State of the State address on January 18, 2005, Daniels put forward his agenda to improve the state's fiscal situation. Indiana has a biennial budget, and had a projected two-year deficit of $800 million. Daniels called for strict controls on all spending increases and reducing the annual growth rate of the budget.
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The Indiana General Assembly is the state legislature, or legislative branch, of the U.S. state of Indiana. It is a bicameral legislature that consists of a lower house, the Indiana House of Representatives, and an upper house, the Indiana Senate. The General Assembly meets annually at the Indiana Statehouse in Indianapolis.