Government

U.S. attorney sues GOP donor over unpaid trading penalty

April 7, 2011
 IBJ Staff and Associated Press
The federal government is suing a former Indianapolis businessman and major Republican donor to collect a $600,000 federal penalty for commodities trading violations.
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UPDATE: City chooses manager for Velodrome, park

April 7, 2011
 IBJ Staff
Marian University will assume management of the Major Taylor Velodrome and the surrounding Lake Sullivan Sports Complex under a partnership announced Thursday morning by Indianapolis Mayor Greg Ballard.
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City considering abatement terminations, continuances

April 7, 2011
Scott Olson
Five companies are set to have their tax breaks terminated or continued as the city attempts to update the state of the benefits that date to the previous administration.
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Tax breaks approved for bioanalytical lab operator

April 7, 2011
The Metropolitan Development Commission on Wednesday preliminarily approved Advion BioServices Inc.'s request for a tax abatement to build a laboratory at Purdue Research Park in Indianapolis.
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Challenger alleges misconduct in Westfield mayoral race

April 6, 2011
J.K. Wall
Russell Cameron, who is challenging Westfield Mayor Andy Cook in a May 3 Republican primary, accused Cook’s deputy mayor of improperly using his position and city resources to campaign for Cook’s reelection.
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Judge hears arguments in White election challenge

April 6, 2011
Associated Press
Attorneys for Democrats and Republican Indiana Secretary of State Charlie White accused each other's clients of political manipulation during a Wednesday hearing.
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Compromise elusive on Indiana sentencing changes

April 6, 2011
Associated Press
An Indiana legislator trying to find a compromise on a plan that Gov. Mitch Daniels originally pushed to help stem the state's prison costs seems to still have work ahead.
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Indiana Senate panel votes down proposed smoking ban

April 6, 2011
Associated Press
The Senate Public Policy Committee voted 8-1 Wednesday against the bill that had exemptions for casinos, bars, fraternal clubs, smoke shops and nursing homes.
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Tax caps lead to painful budget cuts in some counties

April 6, 2011
Associated Press
Indiana homeowners and businesses have seen their tax bills cut by more than $655 million since the General Assembly approved property tax caps in 2008. But the savings have been tough for some local governments.
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Judge to hear argument in White election challenge

April 6, 2011
Associated Press
A Marion County judge is set on Wednesday to weigh whether Republican Indiana Secretary of State Charlie White is legally qualified to serve in the office to which he was elected in November.
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Indiana lawmakers OK hotel sites for casino tourneys

April 5, 2011
Associated Press
Indiana's casinos would be allowed to hold card tournaments at hotels or other sites on their properties under a proposal that has cleared the state Legislature.
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Fate up in air for proposed Indiana smoking ban

April 5, 2011
Associated Press
The fate of a proposed statewide smoking ban in the state Legislature is uncertain, with anti-smoking advocates keeping up their push for restrictions that are tougher than some lawmakers think can win approval.
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House committee nixes changes to Indiana scholarships

April 5, 2011
Associated Press
A proposal to tighten requirements for Indiana's popular 21st Century Scholars program for low-income students is in limbo after a legislative committee removed it from a package of revisions to college financial aid programs.
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Bioanalytical researcher seeking abatement for new lab

April 5, 2011
Scott Olson
Advion, a provider of bioanalytical research and a subsidiary of Ithaca, N.Y.-based Advion BioSciences Inc., is expected to open the 22,000-square-foot lab in mid-May with 49 employees, according to the company's application.
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Indiana Senate panel sets vote on smoking ban

April 5, 2011
Associated Press
The Senate Public Policy Committee is expected to vote on the bill Wednesday. Amendments won't be allowed to the bill that currently includes exemptions for casinos, bars, fraternal clubs, smoke shops and nursing homes.
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Obama set to visit Speedway manufacturer

April 4, 2011
President Barack Obama plans to make a trip to Indianapolis on Friday to visit Speedway-based manufacturer Allison Transmission Inc., the company confirmed Monday afternoon.
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Unions plan protest rallies across Indiana

April 4, 2011
Associated Press
Labor unions are planning rallies at the Indiana Statehouse and around the state Tuesday as part of continuing protests against Republican-backed legislation.
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HOLT: New York threatens to ballast Indiana exports

April 2, 2011
David Holt
Regulations aimed at stopping invasive species are too stiff.
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HICKS: General Assembly puts foolishness on displayRestricted Content

April 2, 2011
Mike Hicks
We need the remaining month of this Legislature to look a lot less like the last month.
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Bills would set fall votes for Indiana school boards

April 1, 2011
Associated Press
All school board elections across Indiana would be moved to the November ballot under bills advancing in the state Legislature.
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Democrats skip session while leader discusses fines

March 31, 2011
Associated Press
A House session scheduled for Thursday morning never took place as Democratic leader Pat Bauer Republican leader Brian Bosma discussed fines the Dems received for walking out on their jobs.
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Indiana House backs GOP state budget plan

March 30, 2011
Associated Press
The Indiana House has approved a Republican-backed state budget plan that would keep overall education funding at current levels while making major shifts in the way money is divvied up among individual school districts.
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IBM files court motion to depose Daniels, aide

March 30, 2011
Associated Press
Gov. Mitch Daniels and his chief of staff were both deeply involved in Indiana's decision to outsource the automation of welfare intake, and they should provide depositions in lawsuits over IBM Corp., a lawyer for the company argues in a brief.
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Labor bills targeted in boycott pass Indiana House

March 30, 2011
Associated Press
Republicans in the Indiana House on Wednesday pushed through three labor-related bills that had drawn protests from Democrats during their five-week legislative walkout.
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School voucher proposal approved by House

March 30, 2011
Associated Press
The GOP-led House voted 56-42 on Wednesday in favor of the bill that would use taxpayer money to help some parents move their children from public schools to private schools.
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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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