The Federal Reserve’s press release from Sept. 18 said it would “lower the target range for the federal funds rate by 1/2 percentage...
How do we know if a recession has started? Sometimes it’s obvious. In March 2020 during the pandemic emergency, weekly applications for...
In fiscal 2024, revenues were 1.4 percent higher than in 2023. That’s much slower growth than the 9.3 percent annual average from the past...
Indiana voters elected Otis Bowen as Governor in 1972 on a pledge of “visible, lasting and substantial” property tax relief. The slogan...
Social Security trustees just published their annual report about the program’s finances. They predict that the combined $2.8 trillion...
It was printed in bold letters on the front of the envelope. “Open Immediately. Property Tax Notice Enclosed.” It was the annual...
People use tools to make goods and services, which other people buy. Gross domestic product is our measure of the value of goods and services. It...
Last year Indiana homeowners were hit with property tax bill increases averaging 17 percent, an extraordinary increase. Will it happen again in...
The memo was posted at the end of December, on the Indiana Department of Local Government Finance website. It announced the base rate for farmland...
Since then inflation has come down a lot. As of November 2023, prices were 3.1 percent higher than a year before. That’s good news.
The second installment for 2023 property taxes was due earlier this month. If you’re a homeowner, either you sent a check to your county...
Election Day is coming up, and 12 Indiana school districts have put property tax referendums on the ballot. Voters who own homes will want to know,...
Indiana has an individual income tax to help pay for state services. Indiana raises about $8 billion a year from its state income tax, which is 36%...
The 12-month inflation rate began to rise in early 2021 and peaked at 8.9 percent in June 2022. Since then it’s fallen to 3.3 percent. Not so...
The Indiana fiscal new year is upon us, having begun on July 1. The big New Year’s celebration happened on July 13, with the...
Inflation is coming down. The Bureau of Labor Statistics, which measures the Consumer Price Index, reported the 12-month inflation rate for May at...
Indiana homeowner tax bills increased 17 percent on average this year, the largest increase in years. Other property owners saw big increases too....
The state revenue forecast upped its prediction of revenues for the rest of this fiscal year and the coming biennium, 2023-25, by $1.5 billion over...
Indiana county treasurers soon will mail property tax bills to owners of homes, rental housing, farmland, and businesses. Most will see big...
Utilities are building a lot of solar energy projects in Indiana. Fields of solar panels will become a common part of our landscape. This may help...
Farmland assessments for property taxes are going up. So are home, rental housing and business assessments. Property tax misery has a lot of...
Thursday, December 15, was a much-anticipated day at the Indiana Statehouse. It was Revenue Forecast Day, when the General Assembly heard the...
The holidays are here. Time for good cheer and happy thoughts, even if candy canes and sugar plums cost 7.8 percent more this year than last.
Inflation has been so low for so long that we hardly noticed them. Now inflation is the highest it’s been in 40 years, and COLAs are in the...
The Federal Reserve is serious about battling inflation. They’ve raised their policy interest rate from near zero in February to an average...
Is this a recession? Real gross domestic product has dropped for two straight quarters. Real GDP is our measure of goods and services produced,...
Mid-July is number-cruncher nirvana if you follow the Indiana state budget. That’s when the State Budget Agency releases its closeout for the...
The inflation rate in May was 8.6 percent, the highest since the bad old days of the Great Inflation 40 years ago. We’re all paying higher...
Every year about this time homeowners receive a Form 11 from their county assessor. It’s the notice of assessment of land and structures, and...
Here’s one way to think about property taxes: The local government sets its budget, subtracts all other tax revenue, and raises the remainder...
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The inflation rate was 7.5 percent from January 2021 to January 2022, the highest inflation in 40 years. It arrived suddenly and unexpectedly. A...
Farmland property taxes have been falling. Total property taxes paid by agricultural property owners fell 2.3 percent per year from 2017 to 2021,...
The property tax is the biggest source of tax revenue for most Indiana local governments, and they were worried about the effect of the COVID...
What will be the effect of the COVID recession on the property taxes that fund Indiana local governments? I’ve been thinking and writing...
Mike share his stories of overcoming adversity, and how his experiences and people that helped him has inspired a career where he works to help...
All extension activities (4-H events, workshops, meetings, classes, etc) are canceled when schools are closed due to inclement weather. This...
All extension activities (4-H events, workshops, meetings, classes, etc) are canceled when schools are closed due to inclement weather. This...
Where is our economy going? Let’s ask some folks whose job it is to forecast the future of the U.S. economy. How about looking at three...
The National Bureau of Economic Research is our quasi-official umpire of recessions and expansions. Last year it marked the peak of the last...
Happy belated New Year, everyone! I mean the Indiana Fiscal New Year 2022, which started on July 1. The State Budget Agency celebrates the event...
In May the consumer price index was 4.9% higher than it was 12 months before. The last time we saw an inflation rate that high was July 2008. The...
On April 15, toward the end of the 2021 session of the Indiana General Assembly, the State Budget Committee heard the revised revenue forecast. It...
What can history teach us about the demand for goods and services post-pandemic? Larry Deboer knows.
Tax season is coming up. Federal income taxes are due on May 17th this year. The due date for Indiana’s state and local income taxes remains...
If you want to be remembered in economics, get yourself a curve. There’s the Lorenz curve, the Laffer curve, the Kuznets curve, and, probably...
Can it be, is it possible, that 2021 won’t be terrible? The state revenue forecast was released on December 16 to provide a starting point...
The Great Recession began after the economy peaked in December 2007, and then continued for 18 months through June 2009. It was the longest...
Forecasts? Don’t talk about forecasts. You kidding me? I just want to know what’s happening now!
The wizards in Harry Potter’s Britain use many forms of transportation. Brooms, but also floo powder, portkeys, flying vehicles, the Night...
Revenues fell 8 percent below forecast for the year, 23 percent from March through June. We used $850 million in balances to cover that shortfall,...
Journalists, school officials and local government enthusiasts joined Purdue Extension’s Larry DeBoer and Tamara Ogle (@INTaxRockstars) on...