State revenue under projections for first time this fiscal year
The state budget plan predicted revenue of about $1.6 billion but collections were short $139 million: almost 9% below expectations, according to a monthly revenue report.
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Republic Services to build plastics recycling operation on south side
Republic Services called the development the “nation’s first integrated plastics recycling facility,” designed to address increasing demand from consumers and packaging manufacturers for recycled plastic.
Carmel condo at top of City Center could fetch up to $7.5M
The SkyPalace has five bedrooms, a room with three bunk beds, a rooftop pool, eight parking spots, three private entrances, two hidden passages, a safe room, a sauna, three fire pits, three outdoor grilling areas and a bar.
Starbucks to launch store in Mile Square after leaving Monument Circle
The coffee shop is among several improvements planned for the 11-story office building that is headquarters to Kite Realty Group.
Tentative IPS teacher contract includes average 3% pay raises, more time off
Under the agreement, the estimated salary range for teachers in the the 2024-25 school year would be $53,460 to $94,000.
Lilly bracing for demand crush for newly approved obesity drug
The Indianapolis-based drug company is ramping up manufacturing capacity to avoid possible shortages and to meet potentially huge demand in a nation where more than 40% of adults are classified as obese.
Braun launches first TV ad in gubernatorial bid
U.S. Sen Mike Braun is the fourth Indiana GOP gubernatorial contender to go on air with campaign advertising.
General Motors says it’s only interested in entering Formula One with Andretti Global
General Motors plans to send a small group of executives to next week’s Las Vegas Grand Prix in hopes of jump-starting conversations with F1 and series owner Liberty Media about the Andretti application.
Hollywood actors strike ends as union reaches tentative deal with studios
At nearly four months, it was by far the longest strike ever for film and television actors.
FDA approves Lilly’s diabetes drug for weight management
Eli Lilly and Co.’s hot-selling diabetes drug, Mounjaro, will now be sold for a second use, chronic weight management, using a separate brand name, Zepbound.
RH sets opening date for store, restaurant at former DeHaan estate
The public will be able to shop seven days a week at the previously gated 41,762-square-foot mansion known as Linden House.
State Rep. Haggard announces congressional bid—if incumbent doesn’t run
First-term state Rep. Craig Haggard said he’ll run for Congress whenever incumbent U.S. Rep Jim Baird of Indiana leaves his post—whether that’s in 2024 or afterward.
Butler University athletic director Collier announces retirement
Barry Collier, who has overseen Butler’s athletic programs since 2006, plans to step down effective April 30, 2024.
Nextdoor lays off 25% of its full-time staff as neighborhood social network works to cut costs
A spokesperson for the company confirmed that almost 200 employees will be affected by the job cuts announced Tuesday.
IU trustees to ponder Kinsey Institute spinoff as faculty raise concerns
The potential move is scheduled to be considered at a trustee meeting in Indianapolis and comes after state lawmakers earlier this year banned state funding from going to the sometimes-controversial sexual research entity.
Ohio votes to legalize marijuana for adult recreational use, passes abortion measure
Passage of Issue 2 makes Ohio the 24th state to allow adult cannabis use for non-medical purposes. Meanwhile, Ohio became the seventh state where voters decided to protect abortion access in the past year.
Democrats keep supermajority on Indy’s City-County Council
Election results show Democrats capturing 19 of the council’s 25 seats and Republicans gaining one post.
Three Hamilton County school districts OK operating referendums
| IBJ Staff and Chalkbeat Indiana
Carmel-Clay Schools, Hamilton Southeastern Schools and Sheridan Community Schools plan to use the funding for staff, programs and services.
Northern suburban city and town councils set—and largely Republican—after Tuesday’s election
Several councils will have new looks come January—including in Westfield, where every member of the council will be new.
Hogsett wins third term in most expensive mayor’s race in Indianapolis history
Democratic Mayor Joe Hogsett beat back his best-funded Republican challenger ever in businessman Jefferson Shreve, winning a third term Tuesday in what was the most expensive mayoral race in Indianapolis history.
