Government & Economic Development

CIB finances faring better than expected

December 13, 2010
Scott Olson
The Capital Improvement Board, through the first nine months of the year, was running $12.3 million ahead of budget, by posting $6.5 million more revenue than planned while cutting $5.8 million in expenses.
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Bayh says he will not run for governor in 2012

December 12, 2010
Associated Press
Many Indiana Democrats had hoped a Bayh candidacy for governor could begin reversing a string of setbacks for their party.
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HICKS: Tax-cut proposal probably a good compromiseRestricted Content

December 11, 2010
Mike Hicks
The Bush tax cuts in particular are politically charged. Many people want to see the rich taxed at higher rates, with little regard for the impact on the economy.
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Daniels names Massa to lead state alcohol board

December 9, 2010
Francesca Jarosz
Gov. Mitch Daniels on Thursday appointed Mark Massa, who served as Daniels’ general counsel before leaving the post earlier this year to run for prosecutor, to run the state’s Alcohol and Tobacco Commission.
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LEADING QUESTIONS: Deputy mayor keeps thick skin

December 9, 2010
Mason King
LQ_Huber_watch_videoMichael Huber has learned not to take critics' barbs personally as he oversees some of the city's biggest deals.
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Bill would provide oversight for key state appointments

December 8, 2010
Scott Olson
Rep. Ed DeLaney, D-Indianapolis, wants to give lawmakers a voice in key state appointments made by the governor following an ethics scandal that led to the firing of the chairman of the Indiana Utility Regulatory Commission.
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HOLT: Regional airports can fuel economic development

December 4, 2010
David Holt
Some smaller airports have excess cargo capacity.
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Exports fueling Indiana business growth

December 4, 2010
Kathleen McLaughlin
Firms are taking matters into their own hands to open trade relationships overseas, developing export policies they hope will benefit themselves and their communities.
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Touted Build America Bonds may not be available for utility dealRestricted Content

December 4, 2010
Chris O'Malley
Citizens Energy previously said not using the bonds would add about $100 million to the cost of the deal over 30 years.
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Fountain Square turning to first-of-kind tax to fund improvementsRestricted Content

December 4, 2010
Kathleen McLaughlin
A Fountain Square group led by neighborhood business owners hopes to create an “economic improvement district” for the up-and-coming neighborhood, where additional tax revenue could be used for everything from litter cleanup and marketing to capital improvements.
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Foreclosed-property care sparks fight over who's responsibleRestricted Content

December 4, 2010
Francesca Jarosz
Lawmakers might address in the upcoming legislative session the controversy over who is responsible for upkeep on foreclosed properties.
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Indiana revenue shows slight gains in November

December 2, 2010
Associated Press
Indiana's finances showed signs of life in November as growth in sales and individual income tax collections helped bring in $49 million more than projected in the most recent revenue forecast.
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North of South financing clears first hurdle

December 2, 2010
Scott Olson
The Metropolitan Development Commission has approved an $86 million city loan to help fund the $155 million mixed-used development near the downtown campus of Eli Lilly and Co. The project still needs approval from the City-County Council.
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Rising Medicaid costs for Indiana mean service cuts likely

December 1, 2010
Associated Press
Indiana lawmakers likely will cut some Medicaid-provided services in the upcoming legislative session after learning Wednesday that the state's share of government health insurance program costs will balloon by $1.1 billion over the next two years unless checked.
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State lawmakers face tough choices over prison costs

November 30, 2010
Associated Press
Indiana lawmakers will swim rough political waters next year when deciding whether to spend millions more on overcrowded prisons or reducing prison sentences and being seen as soft on crime.
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$26.8M military deal revs local Rolls-Royce operation

November 30, 2010
 IBJ Staff
Rolls-Royce Corp.’s Indianapolis operations continue to cash in on military contracts, scoring a $26.8 million deal to provide 12 spare engines for the Osprey tilt-rotor aircraft.
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Judge denies motion to dismiss school funding suit

November 29, 2010
Associated Press
Hamilton Southeastern Schools, Franklin Township Schools and Middlebury Community Schools say the school formula violates the state constitution's requirement for "general and uniform" public education funding because districts get different per-pupil amounts.
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Indiana voter turnout up nearly 4 percent from 2006

November 29, 2010
Associated Press
Figures released Monday by the Indiana secretary of state's office show that about 1.79 million Hoosiers cast ballots for the Nov. 2 election.
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State still issuing water permits under controversial, old rules

November 28, 2010
Associated Press
More than three years after sparking an uproar by issuing BP a permit allowing it to discharge more pollution from its Whiting refinery, Indiana is still issuing permits under the same problematic set of rules that played a role in that 2007 controversy.
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AHLRICHS: Turn health reform into pragmatic answersRestricted Content

November 27, 2010
Health reform entrepreneurship could brand Indiana as productive, healthy place for employers to operate.
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MCGOWAN: Reform's grandfathering option requires close look

November 27, 2010
Hugh M. McGowan
Widely hailed provision of health care reform now raises host of questions.
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State's unemployment rate drops below 10 percent

November 23, 2010
Indiana's unemployment rate in October dipped to 9.9 percent, marking the first time the rate has been below double digits since March.
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Start of downtown North of South project in flux

November 22, 2010
Scott Olson
The developer of the $150 million mixed-use project in downtown Indianapolis had hoped to start construction by the end of the year. But delays in getting the project zoned properly likely will move the start date back.
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COAN: Stocks will get worse before they get better

November 20, 2010
Paul Coan
Looking at the final years of the Great Depression tells me that next year might not be so kind to investors.
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Indianapolis investment adviser Gene Tanner in it for the long haulRestricted Content

November 20, 2010
Norm Heikens
At 78, L. Gene Tanner is one of the longest-serving investment advisers working in Indianapolis. Tanner spoke with IBJ's Norm Heikens about why he shifted to City Securities, his brush with convicted Ponzi scheme operator Bernard Madoff, and how his investment strategy has changed.
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