Carmel Mayor Jim Brainard traveled out of state using public money nearly every month this year. His trips aren't lavish, but he was gone on city business a total of 79 days, raising questions about both the hard and soft costs.
Marion County is suffering from a severe shortage of affordable housing and the inventory is not expected to increase anytime soon. The most popular financing option to help build affordable housing projects is so limited that only a small fraction of the developments get built.
Ratings service Moody’s said Indianapolis' ability to maintain a AAA rating on $78.6 million of general obligation debt reflects a "healthy financial position despite continued draws on reserves to support ongoing operations and capital maintenance.”
Indianapolis officials had success recovering $1.2 million from Mexico-bound Carrier Corp. In the case of Rexnord Corp., which announced a tentative plant closure last week, the incentives in play could be far less.
Mayor Joe Hogsett's administration is targeting the former General Motors stamping plant site on the west side, where development plans have stalled, and the upstart Market East District on the opposite end of downtown.