State Budget Committee

Indiana’s new revenue forecast is slightly more optimistic about the state’s fiscal picture for the next two years. But House and Senate fiscal leaders say it doesn’t change their budget plans.

Noah Coffey / https://www.flickr.com/photos/noahwesley/

Indiana is preparing to save employers $327 million next year by paying off a federal loan for its unemployment insurance trust fund.  The move comes after the State Budget Committee gave the plan an enthusiastic response Friday.

When the recession hit in 2008, Indiana’s unemployment insurance trust fund was rapidly depleted, forcing the state to get a loan from the federal government.  Every year that any part of the loan remains unpaid, Hoosier employers have to pay a tax penalty.  This year, it was $105 per employee. 

Sands details funding request before State Budget Committee

Nov 15, 2012

Purdue acting president Tim Sands says overall, university officials are pleased with the new performance-based funding formula.

But Sands told members of the State Budget Committee today he would like to see money for research added back into the equation and a different formula for funding the regional campuses.

State senator and Budget Committee member Luke Kenley says Purdue will have to make a strong case for increased state funding.