Hendricks County Flyer, Avon, IN

Local News

April 17, 2013

Latest state budget forecast may mean tax cuts

(Continued)

INDIANAPOLIS —

Both Kenley and House Ways and Means Chairman Tim Brown said the forecast means the budget bill that’s still being negotiated will likely contain a mix of tax cuts already proposed by the House and Senate.

That includes cuts to the inheritance, corporate, and financial institutions taxes and a smaller income tax cut than what Pence wants.

They believe the new forecast means they can build in about $500 million in tax cuts and still increase spending for road repair and schools.

The House approved budget calls for $500 million in new road spending, and restores about $331 million in education cuts. The Senate version of the budget calls for $400 million in more road money, plus additional education money the House approved.

The governor’s budget director, Chris Atkins, told the Associated Press that new revenue projections mean there’s enough money for both the increased road and school funding and for Pence’s 10 percent tax cut.

The Pence tax cut idea has never found a warm reception in the General Assembly. Republican leaders have been openly skeptical and some Democrats have been scornful.

On Tuesday, Senate Minority Leader Tim Lanane of Anderson repeated his doubts about the wisdom of a tax cut that will take about $500 million a year from state revenues but put only about $120 a year back into the pockets of an average Hoosier.

He said the money would be better spent on roads, schools, and workforce development.

“Today’s revenue forecast is encouraging, but it’s also a reminder that people expect lawmakers to focus on what’s in the long-term interest of all Hoosiers, and to be extremely cautious in protecting Indiana’s hard-earned fiscal integrity,” Lanane said in a statement. “We can do better. We can send a clear message that improving the livelihoods of all Hoosiers is job one.”

Text Only
Local News
  • Indy Jazz fest, benefit coming soon to Indy The Indy Jazz Fest will return Sept. 11-20 in downtown Indianapolis, along with the Jazz Fest Benefit on July 27.From 5 to 8 p.m. July 27, Jazz on Canvas – An Indy Jazz Fest Benefit will feature a collaboration among five of Indianapolis’ best painte

    July 28, 2014

  • 'Beauty and the Beast Junior' comes to Buck Creek Playhouse The Buck Creek Players will close their 40th anniversary season, “Fabulous at 40,” with the Playhouse Players Youth Production of Disney’s “Beauty and the Beast Junior.”The show opens Aug. 1 and continues for two weekends through Aug. 10. Curtain tim

    July 28, 2014

  • Internet Cat Video Festival begins Aug. 17 The Internet Cat Video Festival is a screening of some of the funniest cat videos the Internet has to offer. What’s better than watching silly cat videos alone? Enjoying the best clips on the big screen while laughing out loud with other cat lovers.C

    July 28, 2014

  • news bfe farms 1.jpg New swap meet/farmers’ market gets traction in North Salem

    NORTH SALEM – The BFE Trading Post just happens to be in Putnam County but the mailbox is in Hendricks County and has a North Salem address. It is also just around the corner from McCloud Nature Park and is hope to the bi-monthly BFE Farms Swap Meet & Farmers’ Market.

    July 27, 2014 6 Photos

  • Catch the Wave DANVILLE – The theme for this year’s Tiki-Time benefitting Sycamore Services was “Catch the Wave.” The event, which was in its 14th year, took place Saturday at the Hendricks County 4-H Fairgrounds and Conference Complex. Sycamore Services, Inc. is a

    July 26, 2014

  • news mud soap 1.jpg Good clean fun: Mud Soap Run held at Ellis Park

    July 26, 2014 8 Photos

  • S.R. 267 lane restrictions set to begin on Monday |Officials with the Indiana Department of Transportation (INDOT) have announced lane restrictions that will begin on or after Monday on State Road 267, just south of I-70. The contractor will restrict southbound S.R. 267 traffic to one 11-foot lane.

    July 26, 2014

  • Rising up to meet Putin's thuggery Any illusions I had about the progressive nature of the Vladimir Putin’s Russian regime quickly dissipated when I returned to my Moscow Grand Marriott room in August 2007. Upon opening the door, I was greeted with the spectacle of my papers and note

    July 26, 2014

  • HCF 7-26 spt indians pic-1 Indians cope with constant call-ups While Indianapolis pursues its third straight International League West Division title, as always, Indians Manager Dean Treanor is focused on the needs of the Tribe’s parent club in Pittsburgh. Indianapolis owned a 7 ½-game lead on June 2, a week bef

    July 26, 2014 2 Photos

  • HCF 7-26 spt ims pic-2 Exciting racing highlights Friday at IMS INDIANAPOLIS — Super Weekend fans at the Indianapolis Motor Speedway were treated to a unique brand of racing with six divisions of cars running in two races on Friday. IMS reconfigured this year’s road course for these races and featured an extra tu

    July 26, 2014 2 Photos

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

Should the government continue to use military bases to house illegal immigrant children?

Yes
No
Undecided
     View Results
AP Video
Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming UN Security Council Calls for Gaza Cease-fire Traditional African Dishes Teach Healthy Eating 13 Struck by Lightning on Calif. Beach Baseball Hall of Famers Inducted Israel, Hamas Trade Fire Despite Truce in Gaza Italy's Nibali Set to Win First Tour De France Raw: Shipwrecked Concordia Completes Last Voyage Raw: Sea Turtle Hatchlings Emerge From Nest Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow
Hyperlocal Search
Premier Guide
Find a business

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