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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. Note that a fiscal year is named for the calendar year in which it ends, so "2022-23" means two fiscal years: the one ending in calendar year 2022 and the one ending in calendar ...
The state forecast continued revenue declines in 2010 that would result in a $1.7 billion budget shortfall if the state budget grew at its normal rate. Daniels submitted a two-year $27.5 billion spending plan to the General Assembly which would result in a $500 million surplus that would be used to rebuild the state reserve funds to $1 billion.
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.
Aug. 6—Indiana state budget leaders Friday approved $120 million in performance-based incentives to help land an unannounced $3.2 billion advanced manufacturing facility the Indiana Economic ...
The entrance to the governor's office in 2009. The governor's powers are established in Article V of the Constitution of Indiana.Constitutionally, the governor has very limited executive authority to manage the government of the state; most exercisable powers over state agencies are held by independently elected cabinet heads.
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The speaker of the Indiana State House of Representatives is the highest official in the Indiana House of Representatives, customarily elected from the ranks of the majority party. As in most Anglophone countries and provinces, the speaker presides over the lower house of the legislature. The current speaker is Todd Huston. [1]
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