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Republicans had held the Indiana State Treasurer's office since 1979. [10] During his term, Mourdock had invested $43 million of state pension funds and other state funds in Chrysler junk bonds. [11] [12] This move by Mourdock lost Indiana a large amount of money due to the restructuring of Chrysler during the company's bankruptcy.
Property tax remained the primary source of all state revenue for the next century. It was not until during the Great Depression that Governor Paul V. McNutt advocated the creation of an income tax, that a new form of tax income was created. The law passed in 1933 and immediately became a growing source of state revenue.
Income tax rate for the state of Indiana is 3.15% — Second-lowest (behind Ohio) in the IMOK (i.e., Illinois, Michigan, Ohio, Kentucky) border states quartet. All Indiana counties have a local ...
The Indiana Treasurer of State is a constitutional and elected office in the executive branch of the government of Indiana. The treasurer is responsible for managing the finances of the U.S. state of Indiana. The position was filled by appointment from 1816 until the adoption of the new Constitution of Indiana in 1851, which made the position ...
Kelly Mitchell (born 1966/1967) [1] is an American politician and businesswoman who served as the 54th Indiana State Treasurer. She was elected treasurer on November 4, 2014, and assumed office early on November 18, 2014. She replaced interim Treasurer, Daniel Huge, who took over after Richard Mourdock resigned. [2]
The 2022 Indiana State Treasurer election took place on November 8, 2022, to elect the next Indiana State Treasurer. Incumbent Republican Party Treasurer Kelly Mitchell was term-limited and could not seek re-election.
Indiana State Police Pension Trust v. Chrysler LLC was a lawsuit brought in United States federal court June 2009 by several pension funds against Chrysler LLC and the United States Department of the Treasury, to block the planned sale of Chrysler LLC assets to a "New Chrysler" entity in the Chrysler bankruptcy.
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