Budget

Brandon Smith / IPB News

More than a quarter into the new fiscal year, Indiana’s tax revenues continue to dramatically exceed expectations.

WVPE News

South Bend officials discussed affordable housing at their most recent budget meeting Friday, including $6 million dollars in American Rescue Plan proposals.

The city proposed dedicating $2.5 million dollars in ARP funds to home repair assistance, another $2.5 million to housing financing and the remaining $1 million to home buying assistance.

 

According to the city’s presentation, housing financing and home buying assistance haven’t previously been funded in the city budget. 

 

WVPE News

South Bend city officials gave their first overview of the city’s 2022 budget at a personnel and finance committee meeting Wednesday evening. 

The city proposed a total budget of $382.1 million dollars, not counting any federal funds from the American Rescue Plan. $305.6 million of that would go to baseline spending –– what the city needs to operate –– and the remaining $76.5 million would go to strategic spending, or what the city spends to improve residents’ quality of life.

 

Jakob Lazzaro / WVPE

 

South Bend is holding a series of public meetings to plan the city’s 2022 budget, and there’s an extra focus on the nearly $59 million in federal dollars the city is getting from the American Rescue Plan Act.

The extra money is about one sixth of the city’s overall annual budget of nearly $350 million, and the city is holding three special public meetings on how to spend it:

(FILE PHOTO: Brandon Smith/IPB News)

State leaders will provide an update on House Bill 1001, Indiana’s two-year budget .

Gov. Eric Holcomb will be joined by Lt. Gov. Suzanne Crouch, House Speaker Todd Huston, Senate President Pro Tem Rodric Bray, Rep. Tim Brown, Chair of the House Committee on Ways and Means; Sen. Ryan Mishler, Chair of the Senate Committee on Appropriations; and Office of Management and Budget Director Cris Johnston.

Watch live here:

(Lauren Chapman/IPB News)

House Republicans approved a new, two-year, $36 billion budget Monday they say boosts education and helps businesses recover from the pandemic.

(Justin Hicks/IPB News)

High school courses in areas like culinary arts and cosmetology could lose state funding if a budget proposal from Republican lawmakers passes. Educators worry thousands of students would miss career opportunities without the state support.

(Lauren Chapman/IPB News)

Indiana House Republicans want to spend at least $65 million less on traditional K-12 schools in their state budget plan than Gov. Eric Holcomb proposed.

(Brandon Smith/IPB News)

Indiana Republican legislative leaders aren’t totally sold on Gov. Eric Holcomb’s proposal to spend nearly three-quarters of a billion dollars this year to pay down state debt instead of direct relief for Hoosiers struggling during the pandemic.

(Courtesy of the governor's office)

Gov. Eric Holcomb’s new state budget proposal would spend $1.13 billion over the next two years on one-time initiatives. And almost none of that would be direct relief for Hoosiers struggling during the ongoing COVID-19 pandemic.

(Lauren Chapman/IPB News)

Indiana’s legislative session begins on Jan. 4. Between COVID-19, redrawing legislative districts and setting the state’s two-year budget, lawmakers will be tackling a lot in the next few months. 

Lauren Chapman/IPB News

INDIANAPOLIS (AP) — Indiana’s state tax revenues have largely stabilized from the plunges seen early in the coronavirus-caused recession, although state budget leaders are warning that money could remain tight as legislators begin work on a new two-year spending plan. New revenue projections presented Wednesday to the State Budget Committee showed Indiana could end the current budget year with about the same $2.3 billion in reserves as two years ago.

City of South Bend

The South Bend Common Council unanimously voted to adopt the city's 2021 budget at its regular meeting on Oct. 12, and according to a press release from the Office of the Mayor. It was approved by Mayor James Mueller on Tuesday, Oct. 13.

The $354.7 million budget represents a $4 million reduction in general operational spending from the 2020 budget. According to the release, the 2021 budget marks the start of a three-year plan to achieve full structural balance after the city faced revenue losses due to the coronavirus pandemic.

(Brandon Smith/IPB News)

A senior Indiana budget official says the state is somewhat paralyzed by conflicting directives from the federal government over how it can spend COVID-19 relief dollars.

South Bend Working On Budget For 2021 With COVID-19 In Mind

Aug 14, 2020
Justin Hicks

The City of South Bend is working on a budget for 2021 that reflects some of the financial hardship caused by the COVID-19 pandemic.

Photo provided by the State of Michigan

Governor Gretchen Whitmer and the Legislature’s Republican leaders have reached a deal to address a shortfall in the current budget caused by COVID-19 and its impact on the state’s economy.

(Lauren Chapman/IPB News)

The Indiana State Department of Health reported 39 additional confirmed deaths since Tuesday, bringing the state’s total to 2,304. The state announced more than 41,000 total confirmed cases, with more than 384,000 Hoosiers tested.

Virus Takes Higher Indiana Death Toll, Cuts State Revenues

May 9, 2020
(Lauren Chapman/IPB News)

INDIANAPOLIS (AP) — Indiana's budget director says state revenue collections for April fell nearly $1 billion short of projections amid the economic downturn brought on by the coronavirus outbreak. Budget Director Cristopher Johnston says collections for the month were forecast last December at just over $2.2 billion but came in $964 million under target, in part because of delayed income tax filings and the loss of all casino taxes amid social distancing steps to slow the spread of the outbreak. 

WFIU/WTIU

BLOOMINGTON, Ind. (AP) — Trustees at Indiana University have allowed school leaders to borrow up to $1 billion to counter a potential budget shortfall due to the coronavirus pandemic.

The trustees approved the request Friday. University spokesman Chuck Carney says the university is in good financial shape, but the request offers peace of mind for the university to continue operations during difficult times.

The university’s largest source of revenue is tuition. The school remains in operation during the pandemic, but has stopped in-person classes for the spring and summer.

Jennifer Weingart / WVPE Public Radio

Michigan Governor Gretchen Whitmer and lawmakers are starting the process of restoring some funding Whitmer vetoed in the new state budget.

As part of the weekly series MichMash, Jake Neher and Cheyna Roth talk about how Michiganders are feeling the cuts throughout the state.

You can read more at WDET.org/MichMash and you can listen again or subriscribe to the MichMash podcast wherever you get your podcasts.

Jennifer Weingart / WVPE Public Radio

 

Michigan lawmakers have struck a deal to fund K-12 schools when the new fiscal year starts in October. House Democrats negotiated the deal with the Republican majority… without Governor Gretchen Whitmer at the table.

 

As part of the weekly series MichMash, Cheyna Roth and Jake Neher talk about how that might affect the governor’s ability to get things done going forward.

Lauren Chapman/IPB News

Most of the nearly 300 new laws crafted by the General Assembly this year take effect Monday.

That includes a new state spending plan, child welfare measures, scooter regulations and criminal justice matters.

State Budget

The new two-year, $34 billion state budget largely goes into effect July 1. The majority of that is K-12 education, which received a more than $500 million increase. And the Department of Child Services will get a little less money than it’s been working with.

Ball State Cuts Costs To Stay Out Of The Red

Jun 13, 2019
Ball State University via Facebook

MUNCIE, Ind. (AP) — Ball State University says it was forced to eliminate 25 positions, curb travel and reduce supplies to avoid ending fiscal year 2019 with a budget shortfall.

The school's board of trustees was given the update on Wednesday before the board approved a $391.2 million 2019-20 general fund budget that calls for an increase in tuition and fees of 1.25%.

The reductions of 25 positions, travel spending and supply expenditures saved $4.5 million.

Top Holcomb Budget Leaders Departing Administration

May 17, 2019
Brandon Smith

 

  The city of South Bend wants to know what its residents want money spent on in 2020.

The city holds a resident input budget meeting like this every spring as a chance for people to tell them if they want more spent on parks and trails, or streetlights, public safety or any of the other things South Bend pays for each year.

Daniel Parker is the city’s controller. “We are entrusted with taxpayer dollars so we want to make sure we’re being responsive to what residents need.”

Public Gets Final Chance To Testify On State Budget

Apr 18, 2019
Brandon Smith
Brandon Smith

Pages