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Articles

Small biz preparing wish list: Lobbyists hope to repeat past legislative success

December 26, 2005

But that doesn’t mean the organization and its 16,000 Hoosier members will rest on their laurels for the short legislative session in 2006. The group will bring a full wish list to the Statehouse in January, lobbying against increased property taxes and health insurance mandates. It’ll also petition lawmakers to restrict eminent domain seizures. Still, observers don’t think the organization will have as much cause for uncorking the bubbly as it did last year. No different than last session, businessfriendly…

New governor brings business mentality to state government:

December 26, 2005

As he took office in January, Gov. Mitch Daniels’ first order of business was just that: Apply a business mind-set to state government. That meant efforts to improve the efficiency and cooperation of state agen- Envisioned by Republicans as a publicprivate partnership, IEDC swallowed and replaced more than half a dozen boards and agencies such as the Indiana Depart cies. It also meant key changes to economic development. The creation of the Indiana Economic Development Corp. was one of his…

Web site stirs controversy: Watchdogs pan Insurance Department’s pro-business stance

December 26, 2005

Consumer watchdogs are howling over a revamped state Insurance Department Web site that pitches Indiana’s “positive regulatory climate” and other business-friendly attributes. The site’s new look debuted a few weeks ago and aims to make companies think about moving to Indiana, Insurance Commissioner Jim Atterholt said. But critics say a regulator should never play the role of recruiter, and the approach sends the wrong message to consumers seeking help. “It raises some questions-you know, who’s your first master?” said Julia…

Finally, a new stadium, and not just for football:

December 26, 2005

After years of angling and months of negotiating, city and state officials finally came to an agreement with the Indianapolis Colts to build a $625 million retractableroof stadium south of the RCA Dome. With a drum roll and a crowd of 1,200 fans and dignitaries counting down-three, two, one-Colts quarterback Peyton Manning, Gov. Mitch Daniels, Mayor Bart Peterson and others shoveled a little dirt on the future home of the city’s new stadium in a formal ground breaking Sept. 21….

Malls fight for tax savings: Owners see appeals pay off; inconsistencies plague process

December 19, 2005

Shopping mall owners were ecstatic when their property tax bills dropped as a result of reassessment in 2002. Some of them are even giddier now. Three of Indianapolis’ enclosed malls-Castleton Square, Lafayette Square and Glendale-have since won large appeals and had their combined annual property taxes reduced almost $1 million. Pending appeals of the taxes at Circle Centre and Fashion Mall will be decided within months and could mean even more money in the pockets of mall owners. Before 2002,…

Library cash crisis looming: Officials mull deep cuts, branch closings to balance books

December 12, 2005

After long delays, the city’s Central Library expansion should finally be finished by 2008. But to heat the building and keep its lights on, the Indianapolis-Marion County Public Library may have to shutter half a dozen of its 22 branches. IMCPL officials say the system faces dire financial woes. They project a $1 million shortfall in next year’s $36 million budget, and even bigger problems after that. By 2008, IMCPL expects to be short $6.3 million a year, or about…

Republic Airways buffeted by U.S. Airways pilot turbulence: Locally based carrier gets favorable ruling in one dispute, but remains mired in separate $1.2B lawsuit

December 12, 2005

Republic Airways Holdings Inc. has landed a break from an arbitrator who ruled the Indianapolis regional airline is obligated to hire no more than half the 300 pilots employed by US Airways’ MidAtlantic regional airline, which Republic is acquiring. Regional carrier Republic can avoid higher personnel costs by not having to hire as many U.S. Airways pilots with seniority. The amount of the savings was not immediately available. But Republic remains a defendant in a complicated, $1.2 billion lawsuit that…

Legislators face election-year gamble: Legalized Cherry Masters could generate $300M annually

December 5, 2005

The lure of easy gambling money is always an enormous temptation for cash-strapped legislators. But in 2006, the stakes will be higher than ever. Bars and restaurants are organizing an attempt to legalize electronic poker machines, commonly known as Cherry Masters. By one count, as many as 40,000 operate illegally around the state. Under government administration, Cherry Masters could generate $300 million in annual tax revenue for state and local governments, advocates of legalization say. That would fill a lot…

Property taxes could dominate session: Lawmakers face difficult chore of addressing flaws in market-assessment system

December 5, 2005

Indiana has been struggling for more than a decade to move its property tax system to a market value standard. Expect the property tax reform debate to take center stage once again in the 2006 Indiana General Assembly. “The more things change, the more they stay the same,” said Karl Berron, vice president of the Indiana Association of Realtors. There are some who would like to scrap the property tax system entirely and replace it with some other form of…

Race against crime: As public safety becomes a business issue, much is riding on battle for prosecutor

November 28, 2005

The dust has settled on Mayor Bart Peterson’s failed police merger. Meanwhile, local crime is surging, up 11 percent from 2002 to 2004. The next bellwether on how to turn the tide will be the 2006 Marion County prosecutor’s race. The contest, pitting Melina Maniatis Kennedy against incumbent Carl Brizzi, already is drawing the attention of community and business leaders, who say the stakes are huge: Rampant crime can cripple a local economy. “Where there’s crime-scene tape, there are not…

Health care: big problem for small business: Wyoming lawmaker’s proposed legislation could end 10-year Senate impasse on controversial solution

November 28, 2005

More than 45 million Americans lack health insurance. And more than half of them are employed or dependent on someone who works for a small business, according to the National Federation of Independent Business. It’s a big problem-especially in Indiana. Between 2000 and 2004, 5.6 percent of Hoosier workers lost employer-provided health care, according to the Economic Policy Institute. That’s a higher percentage than any state except Wisconsin. Legislation just introduced in Congress by Wyoming Sen. Michael Enzi, however, may…

NOTIONS: Putting human rights bill to the test

November 28, 2005

A few weeks ago, my son Zach was named a Student Rotarian by his high school in Fort Wayne. He was invited to be honored at a downtown Rotary Club luncheon in that city, and asked me to attend. The Rotarians met on the second floor of the Summit City’s downtown Holiday Inn. Zach and I went through the buffet line and sat down at a round table with the superintendent of his school system and four other Rotarians. The…

Incentive search shot down: University Loft eyes Tennessee after Hancock County spurns request to create a TIF district

November 14, 2005

Hancock County Commissioners’ unwillingness to consider creating a Tax Increment Financing district has sent a growing Indianapolis-based manufacturer looking for a new expansion site, possibly out of state. University Loft Co. CEO James N. Jannetides said he was continually rebuffed over a months-long process to get the tax incentives his company needed to bring 200-plus jobs to the county directly east of Marion County. Now Jannetides said he might look to consolidate manufacturing in Tennessee where he opened a plant…

NOTIONS: An interdependent interaction with Bill Clinton

November 14, 2005

A few months ago, Butler University announced that former presidents Bill Clinton and George H.W. Bush would be among the speakers appearing on its Indianapolis campus during the school’s 2005-2006 sesquicentennial celebration. Within hours of the news breaking, my niece, a Butler junior and political science major, sent an e-mail asking if I’d like to join her for the first of these appearances, the one by Clinton on Nov. 8. Having long ago rounded up my fellow neighborhood kids for…

NOTIONS: Learning what matters in the ultimate survivor game

November 7, 2005

When I was 21, I went to work for a mayor. I was an intern. I wrote speeches, letters, news releases and proclamations; took photographs; set up chairs for news conferences; poured coffee for reporters; sipped tea with sister-city delegations; photocopied documents; scheduled guests for radio and TV shows; produced an audio-visual presentation; showed it to scores of neighborhood associations; told them how great the mayor was. Things like that. I made minimum wage, learned from some wise mentors and…

PLAN OF ATTACK: Anderson’s leaders are working to exorcise the ghosts of GM

October 31, 2005

Four miles and decades of history separate the Anderson exits along Interstate 69 northeast of Indianapolis. Empty General Motors Corp. plants-as much a thing of the past as single-class basketball-cast ominous shadows at Exit 26, once Anderson’s front door. To the west, closer to Indianapolis, is Exit 22 and the trappings of the future: millions of dollars in new infrastructure, a new business park, and the state’s largest business incubator-tools Anderson officials think they need to turn this rust-belt poster…

VIEWPOINT: Sorting out Social Security stats

October 31, 2005

There is an unfortunate misunderstanding going around about the Social Security trust fund. These are facts: First, the U.S. bonds that constitute its assets pay the same rate of interest as regular U.S. bonds. Second, the bonds held by Social Securi ty are not marketable, which means they can be cashed any time at par or face value. Other U.S. bonds are subject to the market if cashed before maturity. Third, the surplus is not there by accident; it was…

Merger or not, pension remains problem:

October 24, 2005

Few want to talk about the prospect. But if the police merger should fail, it won’t mean a return to business as usual. Local government can’t sustain the status quo much longer. There’s a reason Mayor Bart Peterson, a Democrat, is exploring cop consolidation now. Because of the rising cost of police and fire pensions, every year it becomes more difficult to keep public safety budgets in the black. This year, the city will pay $21.6 million toward the pension…

Cop merger might have just enough: Backers make concessions in effort to build majority

October 24, 2005

It’ll be close. But Mayor Bart Peterson may have just enough support to make his proposed police merger a reality. The City-County Council is expected to vote on the issue Oct. 31. Advocates are hurriedly negotiating with key players, hoping lastminute concessions will pull a handful of councilors off the fence. “I don’t think it’s going to be a wide margin either way,” said Peterson, a Democrat. “But I do believe it will pass. Because at the end of the…

CHRIS KATTERJOHN Commentary: LaSalle economist holds court

October 17, 2005

Now that President Bush has named both his candidates for Supreme Court vacancies and one has been confirmed, we can expect news soon of an appointment that is more important to businesspeople and markets. That would be the replacement for Alan Greenspan, chairman of the Federal Reserve Board, who retires Jan. 31. Greenspan has been in his seat 18 years and has presided over a period of strong economic growth, low inflation and interest rates, and a tremendous stock market….

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