Senate OKs funding plan for CIB-WEB ONLY

A Statehouse proposal that would allow Indianapolis officials to raise a handful of local taxes to save its cash-strapped stadium agency has cleared the Indiana Senate.

The Senate voted 33-17 today for a proposal to fund the Indianapolis Capital Improvement Board, which expects to be $47 million short in its operation of the city’s professional sports stadiums and convention center.

The bill would allow increases in Marion County’s alcohol, car rental, hotel and ticket taxes with the extra cash going to the board. But the plan wouldn’t double alcohol taxes statewide as previously proposed.

The bill could face changes as lawmakers try to create a solution for the board before the legislative session ends April 29.

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