Thousands of protesters – many first-timers – gathered on the Indiana Statehouse lawn yesterday to make it known they were fed up with overspending by the government. The word “enough” was everywhere – on signs handed out by organizers, spelled out in red, foam letters behind a country music band, on the homemade signs held […]
The federal unemployment tax rate paid by Indiana employers might rise 38 percent next year if the state has not repaid all of the hundreds of millions of dollars in loans it needs to keep paying jobless benefits, a top official said yesterday. Chief Financial Officer Scott Sanders of the Department of Workforce Development told […]
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 […]
Consumer prices dipped unexpectedly in March, leaving prices over the past year falling at the fastest clip in more than a half-century. The recession is expected to keep a lid on inflation as widespread layoffs dampen wage pressures and weak demand keeps companies from raising prices. The Labor Department said Wednesday that consumer prices edged […]
The first phase of a wind farm being developed in Indiana by Richmond-based Dominion Resources Inc. and BP Wind Energy is operational, the companies announced today The companies said the 222 turbines at the Fowler Ridge Wind Farm in Benton County can generate 440 megawatts of electricity, enough to power about 120,000 average homes. Dominion […]
Indiana University is reorganizing its athletic department and splitting student development and compliance into separate offices. Athletic director Fred Glass said IU Administrative Services Director Mary Ann Rohleder will become associate athletic director for compliance, and Associate Athletic Director Grace Calhoun will now be in charge of student development and academics. The reorganization announced today […]
Alcohol taxes would double only in Marion County – not the whole state – under a plan advanced by the Indiana Senate yesterday. The Senate made several changes to a bill aimed at rescuing the Indianapolis Capital Improvement Board, which expects to be $47 million short in its operation of the city’s professional sports stadiums […]
The Indiana Senate has approved a budget that would rely on federal economic stimulus money to boost school spending, but a top senator says the funding increase might be short lived. A new state revenue forecast expected Friday will give lawmakers a better idea of how much the state can spend over the next two […]
A piston factory once owned by one of the founders of the National Basketball Association is closing down this year because of the economic downturn. It will mean the end of the Fort Wayne plant that as Zollner Piston once employed more than 1,200 people but now has just 38 production workers. The closure is […]
A piston factory once owned by one of the founders of the National Basketball Association is closing down this year because of the economic downturn. It will mean the end of the Fort Wayne plant that as Zollner Piston once employed more than 1,200 people but now has just 38 production workers. The closure is […]
Retail sales fell unexpectedly in March, delivering a possible setback to hopes that the economy’s steep slide could be bottoming out. The Commerce Department said today that retail sales dipped 1.1 percent in March. It was the biggest decline in three months and a much weaker showing than the 0.3-percent increase that analysts expected. A […]
Express Scripts Inc. stands to gain considerable negotiating clout from its $4.68 billion deal to buy the pharmacy benefits management businesses of health insurer WellPoint Inc., and experts say that could mean savings for customers buying prescription drugs. St. Louis-based Express Scripts said yesterday it planned to buy Indianapolis-based WellPoint’s NextRx subsidiaries in a cash-and-stock […]
The Indiana House has approved legislation that would prohibit the governor from soliciting or receiving campaign contributions during long, budget-writing sessions of the General Assembly. The House approved the provision yesterday as an amendment to a bill about voting. Legislators already are prohibited from getting political contributions during sessions in odd-numbered years, which is when […]
Most people say they plan to use this year’s tax refund to pay bills, deciding in this sour economy to be more frugal with their annual windfall. Fifty-four percent of those receiving refunds said they intend to pay off credit card, utility, housing and other bills, according to an Associated Press-GfK poll released today. That […]
Most people say they plan to use this year’s tax refund to pay bills, deciding in this sour economy to be more frugal with their annual windfall. Fifty-four percent of those receiving refunds said they intend to pay off credit card, utility, housing and other bills, according to an Associated Press-GfK poll released today. That […]
More than $2 million forfeited by former state Teamsters president and accused gambling ring organizer John L. Neal will be divided among police agencies, prosecutors and an attorney. The Indiana Alcohol and Tobacco Commission and its investigative arm, the Indiana Excise Police, will receive 35 percent of the total sum of $2.09 million, or more […]
A top state senator said yesterday he would likely drop his proposal to double Indiana’s alcohol tax statewide to help fund the agency that runs the major Indianapolis sports stadiums and the Indiana Convention Center. Senate Appropriations Chairman Luke Kenley (R-Noblesville) told The Associated Press that he was probably going to amend his proposal next […]
An Indiana Senate Republican plan that would use federal stimulus money to increase funding for schools, colleges and universities has advanced to the full Senate.The Senate Appropriations Committee approved the two-year, $28.1 billion spending plan with a 10-2 vote today.The plan would rely on about $2 billion in stimulus money to increase funding for schools […]
Renovating a zoo facility called Monkey Island. Upgrading school toilets so they don’t flush when no one is around. Creating the world’s fastest alternative-fuel vehicle. Turning idle factory space into fish farms. State officials wanted suggestions on how to spend Indiana’s share of federal stimulus money, and they got plenty of ideas. About 9,000 proposals […]
International airports in Indianapolis and Fort Wayne will each receive about $1.3 million in federal economic recovery funds. U.S. Transportation Secretary Ray LaHood said yesterday the money will help create jobs while “investing in the long-term safety and economic vitality of our airports.” The Federal Aviation Administration will provide $1.33 million to Indianapolis International for […]
