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Democrats see tax ‘framework’ to pay for huge $3.5T package

September 23, 2021 | Associated Press

Staring down a self-imposed Monday deadline, lawmakers said they would work nonstop to find agreement on specifics. Democrats’ views on those vary widely, but they largely agree with Biden’s idea of raising taxes on corporations and the wealthy.

Internet funding rule could favor rural areas over cities

September 12, 2021 | Associated Press

Cities and urban counties across the United States are raising concerns that a recent rule from President Joe Biden’s administration could preclude them from tapping into $350 billion of coronavirus relief aid to expand high-speed internet connections.

Senate push for expansive electric-vehicle incentives in $3.5T budget could hit bumps

August 11, 2021 | The Washington Post

The Senate dust-up Tuesday reflects long-standing disagreements on Capitol Hill over the benefits of financial incentives to spur the transition to electric vehicles, which make up about 2% of U.S. sales.

Indiana construction projects boom thanks to new budget plan

August 8, 2021 | Associated Press

The new state budget adopted in April by the Republican-controlled General Assembly is awash in federal coronavirus relief money, allowing the state to give sizeable funding to projects that had for years been shelved and left out of spending plans.

IU trustee, manufacturing executive dies at 62

August 1, 2021 | IBJ Staff

Melanie Walker recently co-chaired the search committee that chose new Indiana University President Pamela Whitten.

Tsunami of deferred debt is about to hit homeowners no longer protected by a foreclosure moratorium

August 1, 2021 | The Washington Post

Congress approved $10 billion in federal assistance to help homeowners pay off debt, but the program is moving so slowly that protections are expiring before states have figured out how to distribute the money.

Elanco’s $100M headquarters gets final funding approval from city

July 22, 2021 | Mickey Shuey

The project was given a final, and unanimous, approval by the city’s Metropolitan Development Commission—the last step necessary to allow the city to request the funds from the Indianapolis Bond Bank.

Senator: Bipartisan infrastructure bill loses IRS provision

July 18, 2021 | Associated Press

The proposal to go after taxpayers who skip out on income taxes initially had potential bipartisan appeal, but outside groups came forward to lambaste it as a way to enable the IRS to snoop around Americans’ personal finances.

Council approves $135M in tax-increment financing bonds for Elanco project

July 13, 2021 | Leslie Bonilla Muñiz

The tax-increment financing bonds will be used to pave the way for Elanco Animal Health Inc. to build its new headquarters on the former General Motors stamping plant property west of downtown.

Fishers plans to buy portion of Hamilton Southeastern Utilities for $90M

July 9, 2021 | John Russell

While many cities are selling their wastewater systems to utility companies, the city of Fishers is bucking the trend.

130 countries back deal on global minimum tax for companies

July 2, 2021 | Associated Press

The agreement announced Thursday is an attempt to address challenges presented by a globalized and increasingly digital world economy in which profits can be relocated across borders.

White House replaces regulator for mortgage giants after Supreme Court ruling

June 24, 2021 | The Washington Post

The White House replaced the regulator who oversees mortgage giants Fannie Mae and Freddie Mac after the Supreme Court ruled that the leadership structure of the Federal Housing Finance Agency was unconstitutional.

Fishers to consider $27M in bonds for land acquisitions, life sciences park

June 21, 2021 | Kurt Christian

Much of the money is earmarked to acquire a 75-acre property for a life sciences business park that will be anchored by Stevanato Group’s planned $145 million pharmaceutical manufacturing facility.

Impatient Democrats prepare to go-it-alone on infrastructure

June 15, 2021 | Associated Press

The president and the Democratic leaders have been engaged in a two-track strategy—reaching for a bipartisan deal with Republicans but also setting the stage for a potential majority-rules strategy in case talks fail.

City tweaks TIFs to boost affordable housing

June 11, 2021 | Mickey Shuey and Leslie Bonilla Muñiz

City officials are again refining expectations of developers who ask for help in financing projects, with the goal of increasing the affordable-housing stock and reducing the city’s long-term debt.

Senate passes $250B effort to boost U.S. tech industry, counter rivals

June 8, 2021 | Associated Press

The bill sponsored by Sen. Todd Young, R-Ind., and Senate Majority Leader Chuck Schumer, D-N.Y., includes $10 billion to fund regional technology hubs—one of which Indiana officials are hoping to land—for five years.

Jalene Hahn: Don’t wait: Have the money talk before you tie the knot

May 21, 2021 | Jalene Hahn

Existing debt is often a contentious topic especially if one party has a disproportionate amount. Deciding how to tackle the debt will impact other priorities.

Complaint alleges discrimination in woman’s home appraisals

May 18, 2021 | Associated Press

Carlette Duffy and the Fair Housing Center of Central Indiana filed complaints with the federal government, alleging appraisers violated fair housing laws. The appraisers, the complaints said, purposely used comparable sale prices that were unfair and racially motivated.

IRS to the rescue? Tax audits eyed for infrastructure cash

May 16, 2021 | Associated Press

President Joe Biden is proposing that Congress build up the depleted and often-maligned agency, saying that a more aggressive collection of unpaid taxes could help cover the cost of his multitrillion-dollar plan to boost infrastructure, families and education.

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