Site Archive

What Happens to Property Taxes During Inflation?

January 4, 2022

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…

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We Finally Know How the Recession Will Affect Property Taxes

November 29, 2021

What will be the effect of the COVID recession on the property taxes that fund Indiana local governments? I’ve been thinking and writing about the…

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Birth Rates Have Been Falling for a Long Time

October 20, 2021

Americans are having fewer children. Reports this past summer showed that the birth rate dropped in 2020, to 56 births per 1,000 women age 15…

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What Three Forecasts Say About Our Economic Future

September 22, 2021

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…

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Last Year’s Recession Hits Indiana Local Governments Next Year

August 19, 2021

The National Bureau of Economic Research is our quasi-official umpire of recessions and expansions. Last year it marked the peak of the last decade’s expansion…

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Reasons to Celebrate the Indiana Fiscal New Year

July 22, 2021

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…

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What Kind of Inflation Problem Do We Have?

June 24, 2021

We’ve got an inflation problem. What should we do about it? That depends on what kind of inflation problem we’ve got. In May the consumer…

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A State Revenue Forecast for the Ages

May 18, 2021

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…

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Pent-Up Demand, Then and Now

April 21, 2021

Suppose you’ve been prevented from buying things for a year, or maybe a decade. Now the dishwasher is on the fritz, the tires are nearly…

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It’s Tax Season. Where Do Your Local Taxes Go?

March 18, 2021

Tax season is coming up. This year, federal income taxes are due on May 17th. Indiana’s state and local income taxes are due on April…

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Okun, Phillips and Our Economy

February 15, 2021

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 most…

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The Recession May Be a Light Hit for LIT

January 20, 2021

The December state revenue forecast for Indiana projected that individual income tax revenue would be about $6 billion this year. But Indiana uses local income…

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The State Revenue Forecast: We Might be OK

December 17, 2020

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…

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A Tale of Two Recessions

November 19, 2020

It was the worst of times. It was the even worse worst of times. It was the Great Recession of 2007-2009. It was the COVID…

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COVID Recession Makes Farmland Tax Predictions Harder

October 22, 2020

Predictions are hard, especially about the future. Yogi Berra said that. (Unless he didn’t. Yogi also said, “I never said most of the things I…

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Don’t get spun: What’s happening in our economy, right now?

September 16, 2020

Forecasts? Don’t talk about forecasts. You kidding me?  I just want to know what’s happening now! With apologies to Jim Mora, that’s our problem. What’s…

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Rents, Telecommuting and Harry Potter

August 20, 2020

Rents are falling in San Francisco. Keep that in mind as this column wanders along. The wizards in Harry Potter’s Britain use many forms of…

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Trouble for Indiana’s State Budget

July 23, 2020

We got trouble, my friends, with a capital T. The Indiana state budget closeout for fiscal 2020 was held in mid-July, so we have a…

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Recession and the Indiana Property Tax

June 23, 2020

Indiana school districts were relieved when the governor announced that the state would not be cutting aid in the coming fiscal year. With the COVID…

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Our Economic Recovery Depends on Consumers

May 19, 2020

Enough already. The economy is bad. This is the sharpest, deepest recession in 80 years. We get that. Let’s talk about something else. Like, how…

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