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INDIANA FISCAL POLICY INSTITUTE

IN THE NEWS

Raises for Top Indiana Officeholders Lacked Public Debate 

Indiana News Service 
May 4, 2023

The Republican-controlled Indiana General Assembly flexed its muscle while approving the state’s next budget.

Tucked away in the $45.5 billion two-year spending plan are big raises for Indiana’s top elected officials. Gov. Eric Holcomb’s successor in 2025 will receive nearly a 50% increase, making nearly $200,000.

Stephanie Wells, president of the Indiana Fiscal Policy Institute, said she understands there are a fair amount of 11th-hour negotiations when lawmakers are voting on the next budget.

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Balancing Economic Development Costs with their Benefits is Something We Should be Talking About

Indiana Capital Chronicle | August 7, 2023
Last week the Indiana Economic Development Corporation asked for and received permission from the State Budget Committee for $120 million in incentive funds for an advanced manufacturing project planning to invest $3.2 billion in a new facility which should create 1,400 high wage jobs.


This request comes out of a new $500 million “Deal Closing Fund” that was created in the budget passed in April.


This is the second time that the IEDC has come forward to ask for significant funding since the budget was finalized. In June, IEDC asked for and was granted a release of $122 million for a $50 billion semiconductor investment in Boone County’s LEAP district. IEDC should be commended for their capacity to move swiftly when such advantageous opportunities arise.


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INSTITUTE NEWS 

STATE & LOCAL TAXATION

Should the State Ax its Individual Income Tax?
Indianapolis Business Journal
December 23, 2022

State and Local Budgets Aren't Immune from Inflation
Indianapolis Business Journal
April 15, 2022

Lessons from Business Personal Property Tax Reform in Michigan
Inside Indiana Business
January 26, 2022

What's Behind - and Beyond - Indiana's Blockbuster Revenue Forecast?
Inside Indiana Business
December 30, 2021

SPENDING PRIORITIES

Addressing the Costs of Indiana's Pre-Existing Health Crisis: Opioid Abuse
Inside Indiana Business
February 25, 2022

Talent, Taxes & Indiana's Economic Toolkit
Inside Indiana Business
April 5, 2022


IFPI on State K-12 Funding

Education Funding & Economic Resiliences
Inside Indiana Business
March 3, 2021

Doing the Math on Indiana's K-12 Budget
Inside Indiana Business
January 14, 2021

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