Follow your favourite podcasts, listen offline and in the car with CarPlay and Android Auto, and always pick up where you left off. Free to try.
The Indiana Fiscal Policy Institute (IFPI) discussed Indiana's $1.1 billion surplus and $4 billion in reserves. Stephanie Wells highlighted that revenues exceeded budgeted expenditures by $1.855 billion, with reserves at 16.5%, slightly above the recommended 10-15%. The surplus is primarily from sales taxes, which contribute 45-50% of state revenue. The discussion also covered the impact of Senate Enrolled Act One on property taxes, the potential for local government consolidation, and the need for long-term solutions for transportation funding, including toll roads and vehicle miles traveled taxes.
