President Barack Obama put his own indelible imprint on the nation’s distressed economy today, signing the huge recovery package into law, readying a $50 billion proposal to help homeowners fend off foreclosure and awaiting emergency restructuring plans from flailing automakers. Obama said the sprawling legislation, which congressional Democrats pushed to passage last week over near-unanimous […]
Real estate industry interests are concerned about a bill making its way through the Indiana General Assembly that would give tenants of residential and commercial property the right to terminate their leases without penalty if a property goes into foreclosure. Critics say Senate Bill 225, introduced by Republican Sen. Theresa Lubbers of Indianapolis, would make […]
Republic Airways Holdings Inc. yesterday reported lower revenue and profit for the fourth quarter of 2008, but the financial performance exceeded analysts’ expectations. The Indianapolis-based airline had revenue of $339.3 million for the quarter ended Dec. 31-3.6-percent less than the $351.8 million it reported for the same period of 2007. The company had profit of […]
Political fighting in the Indiana House has delayed at least temporarily a vote on a bill to help fix the state’s depleted unemployment insurance fund. The bill would raise taxes on employers to help balance the fund, which currently pays out millions of dollars more than it collects while relying on federal loans to issue […]
It may sound like a nice problem for states – figuring out how to spend the billions in infrastructure funding they’ll receive as part of President Barack Obama’s economic stimulus plan. But the task is more complicated than it seems, as state officials try to set priorities while managing competing pressures from communities, watchdog groups […]
Indiana lawmakers came into this legislative session knowing that trying to boost the state’s sagging economy and drafting a new state budget in tight fiscal times would be the dominant issues. That’s mostly been the case so far, and an expected influx of billions of federal dollars should enhance efforts by Gov. Mitch Daniels and […]
After a surprisingly slow month of January, the pace of legislative action picked up considerably during the first two weeks
of February.
It’s the season for bailouts—banks, businesses, capital improvement boards are all standing on street corners shaking
empty Burger King cups at passing taxpayers.
Recently elected as a Hendricks County commissioner, Eric Wathen says his top priority is to complete the long-promised Ronald
Reagan Parkway, which would open a congestion-free path through the suburbs of Brownsburg, Avon and Plainfield.
The U.S. Department of Transportation has denied a request by Republic Airways Holdings to continue keeping financial data on two of its airlines confidential. It’s a practice the CEO of JetBlue Airways called “gaming” of DOT rules.
Lawmakers are considering a bill that would eliminate township government in Indiana and shift duties such as poor relief to the county level. Dozens of township officials packed the Senate chambers yesterday to tout some of the services they provide: helping the needy pay their bills, maintaining cemeteries and handling weed control. Township government was […]
Legislation would eliminate township government Lawmakers are considering a bill that would eliminate township government in Indiana and shift duties such as poor relief to the county level. Dozens of township officials packed the Senate chambers yesterday to tout some of the services they provide: helping the needy pay their bills, maintaining cemeteries and handling […]
An automobile-parts manufacturer in Columbus with 500 employees will shut down unless union members make concessions, according to The Republic of Columbus. Columbus Components Group, which operates in a former Arvin Industries plant, said it would begin closing down March 1 unless employees agree to a 5-percent pay cut, among other concessions, the newspaper said. […]
A new proposal would help fix Indiana’s depleted unemployment insurance fund by raising taxes on employers. The Indiana House labor committee voted 9-3 yesterday to raise more money from businesses by increasing both the taxable wage base and tax rates. The plan wouldn’t raise enough money to immediately fix the fund, which is currently paying […]
The Indiana House approved two massive spending bills yesterday – a job-creation proposal that would funnel $1 billion toward local road projects and an education budget that would give schools a 2-percent spending increase. Some Republicans objected to both bills because they would each tap into reserve or trust funds to help pay for the […]
A new proposal would help fix Indiana’s depleted unemployment insurance fund by raising taxes on employers. The Indiana House labor committee voted 9-3 this morning to raise more money from businesses by increasing both the taxable wage base and tax rates. The state’s unemployment insurance fund currently pays out millions of dollars more than it […]
The Republican-controlled state Senate has approved a proposal to put limits on property tax bills into the Indiana constitution. The proposal passed on a 34-16 vote yesterday and now moves to the Democrat-controlled House. If the measure clears both chambers this year or next, voters would decide in 2010 whether to amend the caps into […]
The weakening economy is producing worse and worse tax revenue forecasts for Indiana. As a result, Democrats
are calling for Gov. Mitch Daniels, a Republican, to open the stateâ??s $1.3 billion rainy day fund.
Tough times like these are what…
Danielle Chrysler hasn’t met a challenge yet that she hasn’t embraced–and conquered.
Stimulus talk continues to dominate discussion at the Indiana Statehouse, creating indecision for lawmakers who were supposed to be devoting their full attention to assembling a two-year budget under difficult economic circumstances.
