The headline read, “Hoosiers’ taxes rise as income goes down.” The story told of the Tax Foundation’s finding that Indiana taxes had increased from 8.4 percent of income in 2001 to 9.5 percent of income in 2011. Like many, I thought, “You've got to be kidding!”
Senate Bill 1 creates a commission on business personal property and business taxation, which will include legislators, appointees of the governor and business and local government representatives, among others.
If you're worried about footing the bill for eliminating the personal property tax for businesses, your misery has company.
The holidays are here, and that means we get to watch the great holiday movie, "A Christmas Story." Then we get to watch it again. And again.
We've got most of the property tax numbers for 2013 now. Let's look at what happened to homeowner tax bills.
Why is the unemployment rate falling so fast? What kind of stupid question is that?
What kind of a state is Indiana? What sorts of goals should we have? How can we best use available resources? Are we satisfied with where we are or do we need to reach in other directions? Answers, of course, can differ.
July 11 was one of the great days on the number-crunching calendar. It was Indiana's "close-out," the day the State Budget Agency wrapped up the numbers for the fiscal year. And there's no doubt, we're in good shape. We took in more revenue than we spent in fiscal 2013, and we've got nearly …
In the May election, Indiana school districts proposed seven tax and building referendums. Five passed.
On April 16, the Indiana General Assembly heard the long-awaited revenue forecast update. "Up" is the right word.
Starting today, the Indiana General Assembly will craft a budget for the state that covers state services from July 1, 2013, through June 30, 2015, fiscal years 2014 and 2015.
Economics is not an experimental science. We can't say to Congress, "Honorable ladies and gentlemen, please drastically raise taxes and cut spending all at once so we can measure the effects on the economy of changes in the federal government's budget." This is not what elected officials do.
There's potential for chaos in Indiana local government in 2013. Indiana taxpayers can prevent this chaos. All we have to do is send in a form.
The assessed values of farmland for property taxes have been rising. Mostly this is because of increases in the "base rate" per acre of farmland. But now, another element of the assessment calculation, the "soil productivity factors," might rise as well.
Each month the federal Bureau of Labor Statistics releases new data on the unemployment rate. January numbers were released on Feb. 3; excitement ensued. The unemployment rate dropped two-tenths of a point, to 8.3 percent. That's down from 9 percent in September. Perhaps the recovery is fina…
I have attended the last two board meetings held by the Valparaiso Community School Board. As a parent of two children who attend Valparaiso schools, as a former Valparaiso administrator, and as a current school superintendent, I feel there has been way too much finger-pointing and too littl…
Just in time for Christmas, or the holiday of your choice, Indiana's Department of Local Government Finance has released its new Gateway data site. It contains a virtual ton of budget and tax information about counties, cities, towns and other local governments. You can see it at https://gat…
The biggest threat to our economy these days comes from Europe. The Greek government borrowed a lot of money that it cannot repay. If Greece defaults the resulting financial crisis could plunge the world back into recession.
What's wrong with the recovery? It's been almost two years since the end of the Great Recession in July 2009. The recession ended in the sense that the economy stopped declining and started growing. But growth has been very slow.
Indiana caps property taxes for taxpayers, at 1 percent of gross assessed value for homesteads, 2 percent for other residential property and farmland, and 3 percent for everything else. The results of this simple system turn out to be pretty complicated, but there are rules of thumb that mak…
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Does the state do enough to cultivate economic growth in Northwest Indiana?