INDIANAPOLIS (WISH) - The revenue forecast calls for an additional $290 million to come in before the end of the next two-year budget period in 2015, but the price tag on the 10 percent tax cut is bigger at $500 million.
The tax cut proposed by Mike Pence was reduced to just 3 percent in the budget that passed the state Senate. Getting it back up to 10 percent will still be difficult.
Economists told the state budget committee to anticipate economic growth that is steady but slow.
That didn't stop Governor Mike Pence from declaring it great news. For the first time, however, Pence indicated that he is open to other ideas.
The Senate budget, for example, includes small cuts in the inheritance tax and corporate taxes.
"I think a mix of income tax relief and inheritance tax relief provides a framework," said Pence, "in which we can lay a foundation for real economic growth in our state."
"Hoosiers will get tax relief in this budget," said Rep. Tim Brown (R-Crawfordsville) but he wouldn't be specific. And Sen. Luke Kenley (R-Noblesville) was equally vague. "Although this is positive," he said, "it's not an aggressively positive showing."
The governor, meantime, will make a new sales pitch for his plan in a speech tomorrow before the Indiana Chamber of Commerce. That's where he unveiled the 10 percent tax cut plan a year ago.
A family of five was uninjured after a house fire on the city's east side early Friday morning.
Police dispatchers in Morgan County say a crash closed both directions of Mann Road on Friday morning.
The snow heading toward Central Indiana comes during a major weekend in downtown Indianapolis.