Government & Economic Development

Bosma removes Turner from leadership post-scandal

August 29, 2014
Associated Press
Indiana House Speaker Brian Bosma has removed Rep. Eric Turner from his leadership team amid concerns over Turner's lobbying against a nursing home construction ban that would have impacted his family's business.
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City Dems tap replacement for departed councilor Brown

August 29, 2014
 IBJ Staff
LaKeisha Jackson was chosen to replace Vernon Brown in District 18. Brown stepped down in August after 11 years on the council.
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More Indiana options coming on insurance exchange

August 29, 2014
Associated Press
Officials say Indiana residents will have more than triple the number of health insurance plans to choose from when the federal insurance exchange enrollment period starts in November. A a 5-percent average increase in exchange premiums is expected.
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UPDATE: Tech entrepreneur Braun named DWD commissioner

August 28, 2014
Jeff Newman
State Rep. Steve Braun, an entrepreneur who sold a publicly traded technology company a decade ago, will take over leadership of the Indiana Department of Workforce Development in late November, Gov. Mike Pence announced Thursday morning.
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Boone County agency taps native as eco-devo leader

August 28, 2014
Andrea Muirragui Davis
Molly Whitehead joined Boone Economic Development Corp. as executive director Aug. 18, a little more than a month after predecessor Bryan Brackemyre left for a job at Ernst & Young.
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Ten local innovations chosen to reap awards

August 27, 2014
Norm Heikens
New things ranging from apprenticeships to beer dispensers to the Indianapolis Zoo's orangutan exhibit are in line for awards at this year’s Day of Innovation at Hilbert Circle Theatre.
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Ex-Indiana elections chief starts political blog

August 27, 2014
Associated Press
Former Indiana Secretary of State Charlie White has been stripped of office and he doesn't have a job, so he's turning to the Internet.
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HQ move earns pharma firm another tax break

August 27, 2014
Andrea Muirragui Davis
A Carmel-based institutional pharmacy plans to invest $8 million expanding its Noblesville operations, which include its headquarters. On Tuesday, it received its second tax-incentive deal from the city in two years.
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U.S. economy forecast to grow by 1.5 percent in 2014

August 27, 2014
Associated Press
The Congressional Budget Office says the U.S. economy will grow by just 1.5 percent this year — hurt by a poor first-quarter performance. This new assessment is considerably more pessimistic than the Obama administration's.
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UPDATE: Security gates on tap for governor's mansion

August 27, 2014
Kathleen McLaughlin
Preservation officials for the Meridian corridor have given unanimous approval for wrought-iron gates and brick columns at the entrances to the mansion at 46th and Meridian streets.
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Democrat: Indiana Statehouse lacks ethics

August 26, 2014
Associated Press
A trio of ethics investigations into Indiana officials this year left many watchdogs grumbling about loopholes in the state's ethics laws.
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Judges chide state lawyers over gay marriage bans

August 26, 2014
Associated Press
Federal appeals judges bristled on Tuesday at arguments defending gay marriage bans in Indiana and Wisconsin, with one Republican appointee comparing them to now-defunct laws that once outlawed weddings between blacks and whites.
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Social media campaign publicizes lifeline law

August 25, 2014
Associated Press
Students at 13 Indiana college campuses will receive social media messages about the state law that allows minors who have been drinking to report a medical emergency or a crime without getting in trouble.
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Feds' new data adds shine to Hoosier incomes

August 23, 2014
Norm Heikens
In April, the U.S. Bureau of Economic Analysis began considering cost of living alongside the stew of income figures it has long collected, and the new, adjusted income numbers make both the metro area and the state look like better places to live.
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City-County Council approves landlord registryRestricted Content

August 23, 2014
The ordinance is the product of state legislation this year that effectively shut down rental-property inspection programs but left municipalities the option of creating registries.
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Noblesville eyes plans for $10M park, amphitheater

August 22, 2014
Andrea Muirragui Davis
Officials hope to bolster the city's "hipstoric" downtown and jump-start redevelopment of a key community gateway. But the price strikes some as steep.
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Lawmakers move to monitor State Board of Accounts

August 22, 2014
Jacob Rund, The Statehouse File
A subcommittee of the Indiana Legislative Council met this week to determine the goals and best practices of a new Audit Committee, which is meant to operate as a type of peer-review system for the State Board of Accounts.
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Bayh says another gubernatorial run is ‘unlikely’

August 21, 2014
 The Statehouse File
The former senator and two-term governor said he has given the idea consideration because people he respects asked him to think about running.
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EMS service to lay off 361 workers in central Indiana

August 21, 2014
Mason King
Rural/Metro Corp. says the changing health care landscape and the challenges of covering rural communities are forcing it to end its area ambulance services. It's also closing a billing operations center in Indianapolis.
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Advocate brokers lower IPL rate hike for car-sharing service

August 21, 2014
Kathleen McLaughlin
Indianapolis Power & Light Co. customers would see less of a rate hike for an electric car-sharing program under a settlement agreement negotiated by the Indiana Office of Utility Consumer Counselor.
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Pence keeps up opposition to land-based casinos

August 21, 2014
Associated Press
Indiana Gov. Mike Pence says he remains opposed to allowing more land-based casinos in Indiana despite a push from Evansville officials worried about declining revenue from the city's riverboat.
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Flanner House charter school to close after cheating allegations

August 21, 2014
J.K. Wall
The Flanner House Elementary charter school will close on Sept. 11 after the Indiana Department of Education found evidence of widespread cheating on the state standardized ISTEP test. The school has 176 students.
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Former Bennett chief of staff at center of $1.7M contract complaint

August 20, 2014
Associated Press
A former top education official's role in the sale of $1.7 million of equipment to Indiana is raising new questions about the strength of the state's ethics laws.
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Judge denies stay after right-to-work ruling

August 20, 2014
Associated Press
A northwest Indiana judge has rejected a request by the Indiana attorney general's office that he put on hold his order striking down the state's right-to-work law until the state Supreme Court rules on a similar case.
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Engineers: Union Station requires $3.7 million in emergency repairs

August 20, 2014
Kathleen McLaughlin
The Department of Metropolitan Development could tap the downtown TIF fund to cover the costs. The problems were uncovered after bricks fell off the station's south wall in December 2012.
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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