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INDIANA FISCAL POLICY INSTITUTE

IN THE NEWS

Analysis: Latest Indiana budget drops spending 7% — with cuts ‘telling’

Indiana Capital Chronicle 
July 16, 2025

Indiana’s latest biennial budget — the first under new Gov. Mike Braun — effectively lowers state spending by 7% after inflation and an across-the-board holdback policy, the Indiana Fiscal Policy Institute found in a Monday budget analysis.

The $54.6 billion House Enrolled Act 1001, approved in May, spends 3% more than its $53 billion predecessor from 2023. But the state’s spending power has sunk 5% since then.

And, the Office of Management and Budget was authorized to make the State Budget Agency withhold an additional 5% from what most agencies were allotted.

Those two factors will “result in a dramatic decrease in actual spending” compared to the last budget, according to the independent, Indianapolis-based institute.

Some agencies will feel the strain more than others.

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More Time Needed to Assess Indiana's Work-Based Learning Overhaul, Says New Brief 

Indianapolis Business Journal 
March 25, 2024

How did we get here? Historical analysis of property tax reform seeks answers

Indiana Capital Chronicle

October 1, 2024


A flurry of property tax proposals geared toward reform following an uptick in prices closely mirrors trends from the last fifty years in which such increases bring systemic changes, according to new analysis from Larry DeBoer, a retired agricultural economics professor from Purdue University.

DeBoer’s analysis, which spans the last 50 years of the state’s property tax policy, detailed several points of — at times — reactive policies from Indiana’s elected leaders over recent decades followed by stagnant periods with little change.

“In a sense, an emergency happens and we react. But in another sense, if it ain’t broke, don’t fix it,” DeBoer said. “But when it does break, boy we try to fix it as fast as we can.”

The new research, published with the Indiana Fiscal Policy Institute, was unveiled at a joint event Monday with Prosperity Indiana in advance of the 2025 legislative session along with a second paper analyzing the impact of the COVID-19 pandemic on Indiana’s property tax.

DeBoer’s presentation was followed by Neva Butkus, with the Institute on Taxation and Economic Policy, and Chris Watts, with the Indiana Association of REALTORS.

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Eliminating Economic Enhancement District Eliminates Tool to Improve Downtown Indianapolis 

Indiana Capital Chronicle | January 22, 2024 

Indiana needs a holistic state strategy for building a 21st century workforce

Indiana Capital Chronicle

August 5, 2024

STATE & LOCAL TAXATION

Federal Funding Uncertainty Eliminates Programs, Threatens Others 

Indiana Capital Chronicle 
June 16, 2025


Property Tax Expert Predicts Higher-Than-Usual Bills for Homeowners, Farmers Next Year 

Indiana Public Radio
October 1, 2024
 


Shreve Proposes Property-Tax Freeze for Some Indianapolis Homeowners

Indianapolis Business Journal
November 2, 2023


Where Does Indiana State Budget Funding Come From?

Indiana Public Broadcasting
October 12, 2023


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

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