Scott Olson [email protected] The Indiana Office of Management & Budget yesterday released details of two studies used to arrive at the $13 million it said could be saved by combining the Capital Improvement Board and the Marion County Building Authority into one organization. State officials initially had declined to make the studies available to the […]
Jeremy Efroymson considers himself a venture philanthropist. The 40-year-old arts enthusiast and adviser to the $127 million Efroymson Fund has backed a number of startup projects. One of his boldest moves was to help launch the Indianapolis Museum of Contemporary Art, or IMOCA, which has exhibited nationally known artists since 2003. He also started the […]
Democrats in the Indiana House have revived the idea of creating an Indiana bridge authority that would negotiate with Kentucky for major Ohio River bridge projects linking the two states. Democrats included language creating the bridge authority in their one-year spending plan introduced Thursday that’s being considered in the General Assembly’s special session. Gov. Mitch […]
Yhe budget concerns that Muncie and other local governments face are really a circular problem. Taxes got out of hand largely
because of an 18th century system of local government. That same system cannot fix the problem–for it is the problem.
Jeremy Efroymson recently agreed to return to the financially flailing Indianapolis Museum of Contemporary Art as its executive
director and work for free. Efroymson, one of the museum’s early leaders, has a strategy for seeing IMOCA through a financial
rough spot, but what remains unclear is how the museum will wean itself off his support.
Special session will be longer than all had hoped before because of multiple unresolved issues
Normal 0 false false false MicrosoftInternetExplorer4 Democrats who control the Indiana House are prepared to consider changes to their proposed one-year state budget proposal. The House Ways and Means Committee planned to consider amendments to the bill today, and then possibly vote to send the measure to the full House for consideration. The one-year plan […]
Democrats who control the Indiana House are considering changes to their proposed one-year state budget proposal. The House Ways and Means Committee planned to consider amendments to the bill today, and then possibly vote to send the measure to the full House for consideration. The one-year plan would increase spending on schools by an average […]
Republican Gov. Mitch Daniels’ budget proposal includes a scholarship tax credit that supporters say would give poor students the opportunity to attend private schools, but opponents say would open the door to vouchers. Daniels’ budget proposal includes a 50-percent tax credit for donations to a not-for-profit scholarship-granting organization that helps students from low-income families attend […]
General Motors’ plant in Fort Wayne is in the running for a proposed $46 million expansion even as the automaker closes plants as part of its reorganization under federal bankruptcy laws. GM is seeking a 10-year tax break on $27 million in equipment needed for the expansion, which would “furnish and install machinery, equipment and […]
Democrats who control the Indiana House advanced their version of a new state budget to the full chamber yesterday with little sign that it will gain much if any support from outnumbered Republicans. The House Ways and Means Committee endorsed the plan on a 15-10 party-line vote after approving several amendments to the one-year spending […]
A powerful Indiana House committee is scheduled to meet today to discuss possible solutions for a cash-strapped Indianapolis sports agency. A Ways and Means meeting this afternoon is expected to focus on a way to fix the Capital Improvement Board, which runs the city’s convention center and professional sports stadiums. The bill as proposed in […]
President Barack Obama proposed sweeping new “rules of the road” for the nation’s financial system today, casting the changes as a critically important response to the economic crisis and the greatest regulatory transformation since the Great Depression. Obama blamed the financial crisis on “a culture of irresponsibility” that he said had taken root from Wall […]
The Indiana House is expected to vote today on a state budget proposed by the Democratic majority, but a bill to help fund the struggling Capital Improvement Board has stalled. The CIB bailout bill never made it out of a House committee. State senators will unveil their own budget proposal later this week, which is […]
The Democrat-led Indiana House has approved a new state budget that now heads to the Republican-ruled Senate for a major overhaul. Republican leaders in the Senate hope to outline their budget proposal tomorrow, and changes could be made to the House budget that same day. The Senate will likely revamp the spending plan to be […]
The Indianapolis Airport Authority board is set to vote tomorrow on a plan to lease 209.5 acres now used as a bat conservancy to Hendricks County Parks and Recreation as a public nature park. The proposed Sodalis Nature Park is west of County Road 975 East, between County Road 750 South and County Road 800 […]
The city unveiled a dramatic plan to revitalize the old Market Square Arena area just two days before the Metropolitan Development Commission approved the deal June 3. That the public was given insufficient notice of the project is among a number of legitimate complaints about the proposed $65 million effort to redevelop the former Bank […]
An exaggerated share of the nation’s wealth is paid to CEOs of public companies, their minions and directors, through agreements
made inside boardrooms, by highly compensated individuals who commit shareholders’ money and are not subject to effective
oversight.
The city has unveiled a dramatic plan for new housing and retail development to revitalize the old Market Square Arena site.
Despite some shortcomings, the project deserves a chance to give the stagnant area a boost.
President Barack Obama today welcomed the pharmaceutical industry’s agreement to help close a gap in Medicare’s drug coverage, calling the pact a step forward in the push for an overhaul of the nation’s health care system. Obama said that drug companies have pledged to spend $80 billion over the next decade to help reduce the […]
