Hendricks County Flyer, Avon, IN

Breaking News

Local News

April 17, 2013

Latest state budget forecast may mean tax cuts

INDIANAPOLIS — Indiana Gov. Mike Pence is touting the latest state budget forecast as good news for his tax relief plan, but Republican legislators who control the purse strings aren’t ready to sign off on it yet.

House and Senate fiscal leaders said Tuesday that the April budget forecast they’ve been waiting on to finalize their two-year spending plan clears the way for about $500 million in tax cuts.

But they also said it’s unlikely that all of that will come through the permanent 10 percent cut in the income tax rate that Pence wants.

The April forecast estimates the state will bring in about $290 million more in revenue than what was forecasted in December — used to start the budget process. In a statement, Pence called the forecast “great news for Hoosiers” and a boost for his tax cut plan that legislators have been reluctant to embrace.

What Pence called evidence of “greater economic growth” but GOP fiscal leaders in the General Assembly are looking at it a little more cautiously.

They pointed out the forecast predicts a significant drop in revenues from both sales taxes and gaming taxes — two significant sources of money for the state budget. And they cited an economic forecast, delivered with the budget forecast, that predicted Indiana wouldn’t see its jobless rate drop below 8 percent until next year at the earliest.

“It shows there is a little sunshine in the valley and that’s a good sign,” Senate Appropriations Chairman Luke Kenley said. “I hope it’s true. It’s certainly not a robust forecast.”

Senate Tax and Policy Committee Chairman Brandt Hershman called the report “good news, served with a side of caution.”

“It’s always better to have a debate over money you have rather than over money you don’t have,” Hershman said. “But we need to make sure it’s going to be money that we’re going to have.”

Text Only
Local News
  • March for babies event Saturday at Hummel Park |Energized Hendricks County families, companies and volunteers dedicated to giving more babies a healthy start in life will be walking in the March for Babies event this Saturday at Hummel Park in Plainfield. Registration starts at 10 a.m. with the wa

    April 23, 2014

  • news singleton, joseph.jpg Former teacher convicted of child molestation

    Joseph Singleton was found guilty of two counts of child molestation stemming from allegations made nearly a year ago.

    April 23, 2014 1 Photo

  • HCF 4-23 news white lick creek pic 2 White Lick Creek may face significant pollution WHITESTOWN -- Hendricks and Boone county residents on the lines south of Fayette who have property contiguous to White Lick Creek need to be aware that a Whitestown Waste Water Treatment Plant is planning to discharge effluent that will add to the po

    April 23, 2014 2 Photos

  • Play-A-Round Downtown winners announced Sometimes staying home for Spring Break can be just as fun as going on a vacation. Two lucky winners of the annual Play-A-Round Downtown miniature golf certainly feel that way. The Downtown Danville Partnership had a lovely week for the annual event

    April 23, 2014

  • Unclaimed remains of vets will be inurned this weekend The Hendricks County American Legions, as well as their American Legion Rider members, will be among many in Indiana to participate in the Missing in America Project (MIAP) to inter the unclaimed remains of veterans. You hear about those who were mis

    April 23, 2014

  • National Police Week is declared May 11-17 DANVILLE -- The Hendricks County Commissioners this week approved a proclamation to designate the week of May 11-17 as National Police Week and for May 15 to be declared Police Memorial Day. Capt. Megen Morgan of the Hendricks County Sheriff's Depart

    April 23, 2014

  • Hendricks County to receive FEMA funds Governor Mike Pence received word Tuesday that the Federal Emergency Management Agency (FEMA) has granted his appeal for federal assistance for the severe winter storms that impacted much of the state Jan. 5-9 this year. The major disaster declaratio

    April 23, 2014

  • A Beethoven Palindrome opens next weekend On the first weekend in May, the Hendricks Symphony Orchestra and Symphonic Choir, directed by Benjamin G. Del Vecchio, will present two of Beethoven's works as "A Beethoven Palindrome," Opus 86, Mass in C Major and Opus 68, Symphony No. 6 in F Major

    April 23, 2014

  • National Pow Wow returns to fairgrounds in July National Pow Wow will be returning to the Hendricks County 4-H Fairgrounds and Conference Complex July 3-6. The event is open to the public and they hope that the community will support the event. One aspect of the event is a Parade that they will be

    April 23, 2014

  • Hendricks County Knife and Flower Sale coming The Hendricks County Knife and Flower Sale will be May 5-10 at the Avon American Legion, Post 145, 375 S. S.R. 267, Avon. The sale will be from noon to 8 p.m. Monday through Friday and from 8 a.m. to 3 p.m. Saturday. There will be many varieties of f

    April 23, 2014

House Ads
Hendricks County Marquee
Email News Sign Up
Facebook
Twitter Updates
Follow us on twitter
Poll

New poll question: Will you be attending this year’s Indianapolis 500?

Yes
No
Undecded
     View Results
AP Video
U.S. Paratroopers in Poland, Amid Ukraine Crisis US Reviews Clemency for Certain Inmates Raw: Violence Erupts in Rio Near Olympic Venue Raw: Deadly Bombing in Egypt Raw: What's Inside a Commercial Jet Wheel Well Raw: Obama Arrives in Japan for State Visit Raw: Anti-Obama Activists Fight Manila Police Motels Near Disney Fighting Homeless Problem Michigan Man Sees Thanks to 'bionic Eye' Obama to Oso: We'll Be Here As Long As It Takes Bon Jovi Helps Open Low-income Housing in Philly S.C. Man Apologizes for Naked Walk in Wal-Mart New Country Music Hall of Fame Inductees Named 'Piles' of Bodies in South Sudan Slaughter SCOTUS Hears Tv-over-Internet Case Chief Mate: Crew Told to Escape After Passengers
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Must Read