2023 Legislative Priorities

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Outperform on Economic Development


  • Business investments decisions increasingly select regions that prioritize talent attraction and retention, quality of life assets, and housing. 
  • Indiana’s competitive assets in sports and tourism require continued investments to lead peer markets. 
  • Local governments are key partners for state on economic development but have limited available resources to invest in competitiveness.


Support appropriation of regional economic development funding in the 2023 budget: 

  • Appropriate $500 million to fully fund READI 2.0. 
  • Prioritize investments in talent attraction and retention, quality of life assets, and housing. 
  • Score project competitiveness and eligibility based on measurable impact on key industrial sectors and population growth. 
  • Structure state investments to sustain the integrity of existing economic development regions across the state investments and strengthen regional development authorities and other models of intergovernmental cooperation.


Strengthen Indiana’s competitive advantage as the premier market for sports and tourism events: 

  • Appropriate $10 million over the biennium to fully fund the Indiana Sports Corp Bid Fund to enhance competitiveness against peer markets in attracting large-scale investments.
  • At least 30% to be used outside of Marion Co., as outlined in SB245 (2022).


Align local government Local Income Tax reserve requirements with state budget best practices to free up local resources while maintaining fiscal stability: 

  • Under current rules of 15% reserve requirement, balances invariably grow beyond that threshold as taxable income grows during economic expansions.
  • In 2020, total balances were approaching $1 billion—34% of distributions. 
  • Each percentage point of reserve reduction releases $50-60 million, 11-12% limit (in line with state best practices) would release $160-220 million. 
  • At a 12% limit, the system weathers a Great Recession-level event with 90 counties positive and 15% total LIT revenues in reserve.

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