From the Associated Press The head of Indiana’s Department of Revenue is resigning after state officials found that $205 million in local option income tax revenue was not distributed to counties. State budget director Adam Horst says department commissioner John Eckart will step down after seven years leading the agency. Speaking at a Thursday news… Continue reading Another Indiana Tax Accounting Error Discovered–This One Involves $205 Million
The state started the new fiscal year with a healthy four-point-four percent increase in tax collections. The growth rate needed to balance the budget is four-point-two percent.