Mitch Daniels

COPPER: Misunderstandings put Indiana school funding in a bind

February 6, 2010
Mike Copper
State government overreacted in its attempts to reign in construction costs, and should seek middle ground
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MARCUS: Governor's ship of a state losing sailors?

February 6, 2010
Morton Marcus
A State of the State address is supposed to make us feel better about who we are, where we are and where we are going.
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Daniels revives push to merge PERF, TRF pension fundsRestricted Content

January 30, 2010
Peter Schnitzler
Gov. Mitch Daniels wants legislators to revive a merger of the Indiana Public Employees Retirement Fund and the Indiana State Teachers Retirement Fund. He says the move could save up to $50 million a year in fees.
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State sells $300 million in Tax Anticipation Notes

January 30, 2010
 IBJ Staff
The proceeds will help more than 120 local government units pay their bills while they wait for their property tax receipts.
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Two companies set to make major local expansions

January 27, 2010
Express Scripts Inc. on the west side of Indianapolis and Zipp Speed Weaponry in Speedway are scheduled Wednesday afternoon to announce the creation of hundreds of new jobs.
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FEIGENBAUM: Daniels' agenda built on avoiding new taxes, programs

January 23, 2010
Ed Feigenbaum
The State of the State address delivered by Gov. Mitch Daniels Jan. 19 contained no surprises at all, except, perhaps in his optimism.
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Daniels to tout state's relatively solid position in address

January 19, 2010
Peter Schnitzler
Indiana Gov. Mitch Daniels will deliver the annual State of the State address Tuesday night at 7 p.m. before a joint session of the Indiana House and Senate.
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State links university funding to lifting graduation ratesRestricted Content

January 16, 2010
J.K. Wall
The Indiana Commission for Higher Education late last month slashed college budgets based on key performance measures.
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Legislators face unemployment insurance fund sinking into red

December 19, 2009
Peter Schnitzler
Indiana lawmakers are preparing to punt on 2009's must-solve business issue in the hope of a federal bailout. However, it's anybody's guess how Washington will respond.
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State colleges face $150M in cuts as tax revenues fall

December 4, 2009
 IBJ Staff and Associated Press
Indiana Gov. Daniels calls for cuts with announcement that tax collections for November were $144 million below forecast.
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Plant would pipe carbon dioxide to oil rigs

November 26, 2009
Associated Press
Carbon dioxide produced by a proposed coal gasification plant near the southern Indiana town of Rockport would be used to help boost oil production in the Gulf of Mexico under a plan by the company leading the project.
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Property tax-cap issue could dominate next Indiana Legislature

November 16, 2009
Scott Olson
Lawmakers meet Tuesday for Organizational Day and will begin debating measures Jan. 5 when the Legislature officially convenes for a short session.
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Biz interests expect tax issues to vex Legislature

November 16, 2009
Scott Olson
Increases in property and payroll taxes are among the key issues again confronting the business community when the General Assembly convenes in January.
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Daniels announces more cuts as state revenue falls again

November 6, 2009
 IBJ Staff and Associated Press
Indiana Gov. Mitch Daniels on Friday announced a series of spending cuts and other steps designed to offset a continuing multimillion-dollar decline in state revenues. If the trend continues without spending cuts, he said, Indiana's reserves would be wiped out by next August.
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Daniels blasts House health bill

November 5, 2009
J.K. Wall
In letter to Indiana congressmen, the governor says the reform bill would kill jobs with 'enormous' new taxes.
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Military firm could create 500 jobs at former chemical site

November 5, 2009
 IBJ Staff and Associated Press
Telic Corp., a developer and manufacturer of United States military equipment, announced Thursday it will invest more than $1.2 million in the former Newport Chemical Depot in western Indiana, creating up to 500 jobs.
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Governor still mulling creation of new Indiana 'heritage' agencyRestricted Content

October 31, 2009
Kathleen McLaughlin
The idea of merging the State Library, Indiana State Museum and several other history-related entities into one new agency is still on the table, a state representative said.
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Governor to merge state museum into new agency

October 16, 2009
Kathleen McLaughlin
Indiana Gov. Mitch Daniels is planning to merge the Indiana State Museum, 12 historic sites and state library under one new agency, according to sources close to the museum.
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Daniels warns of more cuts amid revenue declines

October 8, 2009
Scott Olson
Indiana Gov. Mitch Daniels warned Thursday morning that more state budget cuts could be forthcoming in light of a prolonged drop in tax collections. Indiana collected $3.3 billion in total revenue during the fiscal first quarter, 14 percent less than the same period last year.
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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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State unveils $31M tuition-funding program

July 30, 2009
J.K. Wall
Gov. Mitch Daniels failed to get the legislature to bite on his plan to lease out the Hoosier Lottery in order to pay for two-year college scholarships. So he's now he's using $31 million in federal stimulus funds to create a similar program for about 9,000 Hoosiers.
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Carbon Motors chooses Connersville

July 29, 2009
 IBJ Staff
Carbon Motors this morning officially selected Connersville for its proposed headquarters and manufacturing operations.
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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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