Governor

Influential team owner thinks hot rod group should move HQ from California to BrownsburgRestricted Content

September 26, 2009
Anthony Schoettle
A meeting between high-level National Hot Rod Association executives—including NHRA President Tom Compton—and Gov. Mitch Daniels and members of the Indiana Economic Development Corp. has fueled speculation that the drag racing group might be looking to significantly expand its presence here.
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Next year's State Fair to feature Japanese exhibit

September 14, 2009
 IBJ Staff
Japanese culture will be on display at the Indiana State Fair next year. Indiana Gov. Mitch Daniels announced today, while traveling on a economic development mission in Japan, that the Asian country will be featured in its own exhibit at the fair for the first time in 2010.
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Deals from China trip unlikely to come right away, official says

September 9, 2009
Scott Olson
Don't expect the contingent traveling with Gov. Mitch Daniels on his 10-day trade mission to China and Japan to return to Indiana with a major commitment from an Asian company.
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Toll-road lease tumbles in valueRestricted Content

August 3, 2009
Peter Schnitzler
Gov. Mitch Daniels expected his unprecedented $3.8 billion Indiana Toll Road lease to last 75 years. It may be tested after just three.
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Unprecedented economic forecast revision will frame special sessionRestricted Content

June 1, 2009
Peter Schnitzler
With the help of outside economists, Indiana government undergoes an economic forecast every other yearâ??a process that's taken on increased importance this spring, as Gov. Mitch Daniels and the Legislature attempt to craft a two-year budget amid the deepest recession since the early 1980s.
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General Assembly, governor bypass green reformsRestricted Content

June 1, 2009
Indiana environmental advocates had lots of disappointments this year regarding government reform efforts.
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Panel handicaps market recovery chancesRestricted Content

May 25, 2009
Cory Schouten
A panel of five veterans of real estate and construction provided industry insights at IBJ's Power Breakfast May 1 at the Westin Indianapolis.
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Interior designers win right to receive certificationRestricted Content

May 18, 2009
Interior designers in Indiana, who have been pushing for the chance to become certified, finally got their wish.
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Fiscal crisis calls for drastic measureRestricted Content

May 18, 2009
Mickey Maurer
Ind. Gov. Mitch Daniels will call the Legislature into special session to pass an acceptable budget, but some legislators think a budget that would satisfy the governor cannot be crafted by the contentious partisans in this developing fiasco.
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Visible progress in the city hides other troublesRestricted Content

May 18, 2009
Indianapolis still looks like a city with momentum, despite the dismal economy. But appearances can be deceiving.
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Deal-making efforts unraveled in session's last daysRestricted Content

May 4, 2009
Ed Feigenbaum
You wouldn't have expected it going into the final week of the Indiana General Assembly, but we're headed for a special legislative session.
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President Daniels? Never say neverRestricted Content

April 20, 2009
Mickey Maurer
Indiana Gov. Mitch Daniels would make a remarkable president. Governor/ presidentâ??it's the same game, just a different scale.
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Daniels strangely quiet as fiscal issues festerRestricted Content

April 13, 2009
Ed Feigenbaum
The Indiana General Assembly session will end with a focus on what has dominated discussion since Organization Day back in November: fiscal issues.
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Horse trading key to solving unemployment deficitRestricted Content

March 23, 2009
Ed Feigenbaum
In the past, lawmakers ignored the need to fix financing for the Unemployment Insurance Trust Fund, and now they must come up with solutions that will be difficult for both Democrats and Republicans to accept.
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Worsening economy exacerbating legislature's challengesRestricted Content

March 16, 2009
Ed Feigenbaum
Brace yourself, because things in this legislative session are destined to get messy: the politics, the process, the personalities, the context, and the issues and their substance, all at once.
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Legislators struggling with economic imperativesRestricted Content

March 2, 2009
Ed Feigenbaum
The Indiana state budget will continue to be a work in progress for many more weeks.
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From politics to basic training, state official excelsRestricted Content

February 9, 2009
Della Pacheco

Danielle Chrysler hasn't met a challenge yet that she hasn't embraced--and conquered.

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Governor's proposed budget sets penny-pinching toneRestricted Content

January 12, 2009
Ed Feigenbaum
The $28 billion, two-year budget that Republican Gov. Mitch Daniels unveiled Jan. 6 transcends characterization even as a "bare bones" effort because programs outside of public safety and K-12 education are being trimmed, delayed or eliminated.
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Daniels, Obama cruise to victoryRestricted Content

December 29, 2008
Peter Schnitzler
The last time Indiana went for the Democrat in a presidential election, Lyndon Johnson trounced conservative Barry Goldwater at the 1964 polls. More than 40 years later, Sen. Barack Obama earned his historic White House victory thanks, in part, to Hoosiers' 11 electoral votes.
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Recession, budget shortfalls will have major impact on everything legislators debateRestricted Content

December 22, 2008
Peter Schnitzler
Now expecting $935 million less in annual revenue than they did a year ago, legislators will spend the next four months arguing over budget cuts.
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Could Mitch Daniels run for prez in 2012?Restricted Content

November 17, 2008
Could Gov. Mitch Daniels run for president in 2012?
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Election of president, governor signals Hoosiers desire changesRestricted Content

November 10, 2008
Indiana's blue vote for president-elect Barack Obama on Election Day was a sign that Hoosiers are ready for change. So was the state's red vote to keep incumbent Gov. Mitch Daniels in office. In this case, the status quo means more change. Daniels has been making gutsy and sometimes unpopular moves since taking office four years ago. He ran on a promise to keep shaking things up.
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Where was Horning in candidate story?Restricted Content

November 3, 2008
Libertarian candidate Andy Horning should have been covered in more detail in IBJ article about the governor's race.
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Gubernatorial candidates Daniels, Thompson see economic development differentlyRestricted Content

October 20, 2008
Peter Schnitzler
Democratic gubernatorial candidate Jill Long Thompson promises to buoy Indiana's slumping rural counties with a three-tiered incentive plan. Republican Gov. Mitch Daniels has a different vision for stoking the state economy. He wants to build on Indiana's strengths--such as world-class research at universities--to innovate and create jobs.
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Tax reform fallout worries biz interestsRestricted Content

March 24, 2008
Peter Schnitzler
Property tax reform is now Indiana law. Hoosier homeowners are thrilled. But many corporate leaders grumble the historic deal was brokered on the backs of business. Topping their concerns is the new 3-percent property tax cap for commercial and industrial properties, which they fear will slow business expansions and discourage companies from moving headquarters to the state.
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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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