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Rep. Ed DeLaney, of Indianapolis, outlined a new fiscal analysis on school funding.
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Indiana's 2025 fiscal year began on a positive note, about $30 million ahead of the budget plan.
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Indiana ended its fiscal year with a $421 million surplus, by far the lowest margin in the post-pandemic era — an era when, up to now, the state had been awash in federal pandemic funding.
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Indiana is about $42 million ahead of where the state budget expected its revenues to be through 11 months of the 2024 fiscal year.
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Indiana's 2024 legislation session is kicking off next week and is expected to end mid-March.
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The state revealed an error Tuesday in the estimates lawmakers used to write the budget earlier this year.
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A legislative study committee recommendation adopted Tuesday would see a blend of cost-of-living adjustments, or COLAs, and extra monthly payments to increase pension benefits for public retirees.
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There are more than 850 line items in the state budget, individual spending amounts that make up more than $44 billion in total budget spending.
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Indiana’s current two-year state budget includes more than $44 billion in spending. But where does all that money come from?
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Indiana finished its last fiscal year more than $2 billion ahead of the state budget plan.