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ECONOMIC ANALYSIS: Why state’s job growth is better than neighbors’

December 24, 2007

For the past week or so, I have been flooded by phone calls from colleagues in Illinois and Michigan, chortling over a new marketing campaign launched by Hoosiers. The privately financed billboards and radio spots ask businesses and residents whether they are tired of high taxes and unresponsive government. If so, they are invited to “Come on IN” to Indiana. It’s high-order fun this holiday season. Indiana sits as a small island of growth in the Midwest, and it is…

EYE ON THE PIE: Fiscal bombs in Hoosier political waters

December 24, 2007

The Indiana Department of Local Government Finance (DLGF) issued a “Citizens’ Guide to Property Taxes” on Nov. 20. That document contains the following paragraph: “What factors contribute to property tax increases? Local spending is the reason for property tax increases-or decreases-depending on local fiscal management. Other factors that contributed to increases during the 2006-2007 pay cycle include the elimination of the inventory tax and the onset of the annual adjustment process, also known as ‘trending.'” Got that? Property taxes rise…

ECONOMIC ANALYSIS: Indiana’s economy: The fundamentals are in place

December 31, 2007

Predicting the size and scope of economic activity for the nation, state and region is one of the more important roles played by university economists. But 2008 is the kind of year that really tests economic forecasting. The Bureau of Business Research just released its forecasts for Indiana and two regional labor markets. In total, we examined eight different data series and have stressed the performance of net employment and wages. Our forecast is fairly optimistic. We predict job growth…

Indy to host Urban Forum: Group that helps revitalize properties to showcase city’s projects

February 25, 2008

Visitors in Indianapolis for the Urban Forum in April might patronize Jockamo Upper Crust Pizza in Irvington not only to sample the food but also the success of a neighborhood business district revitalization program. The pizzeria benefited from an effort called Fostering Commercial Urban Strategies, or FOCUS, through a $16,000 facade grant from the Indianapolis chapter of the Local Initiatives Support Corp. Indianapolis is one of 30 cities boasting LISC chapters. Nationally, they invested more than $1 billion in low-income…

Bond market turmoil could raise costs for stadium, other projects

February 25, 2008

The debt strategy Gov. Mitch Daniels’ top financial officials developed to save the state money on major projects like
Lucas Oil Stadium has turned sour.

Against odds, AlGalCo pursues ‘Holy Grail’ of power cells

February 25, 2008

A small West Lafayette technology startup has quietly unveiled a product that might, just might, change the world. At the
TechAdvantage Conference and Expo in Anaheim, Calif., on Feb. 20, Kurt Koehler, CEO, co-founder (and, for the moment, sole
employee) of AlGalCo LLC, showed off a pre-production hydrogen-powered emergency generator.

College endowments growing, but so is tuition

March 3, 2008

Endowments at Indiana colleges and universities are soaring, due in part to impressive investment returns in recent years.
The swelling coffers here and across the nation are stoking the debate over whether universities should be using more of their
wealth to hold down tuition increases.

Flood of appeals expected after rushed biz property-tax assessment

March 17, 2008

In 2005, assessors valued the 559-acre Indianapolis Motor Speedway at $34.4 million for property tax purposes. According to
the latest Marion County reassessment, it now has a market value of $170 million. Thousands of other businesses also would
see extraordinary spikes in property values, according to an IBJ analysis of the latest assessment data.

BEHIND THE NEWS: Buybacks come back to haunt WellPoint

March 24, 2008

For most of Indianapolis-based WellPoint Inc.’s six years as a public company, it’s been a Wall Street darling. Even with the company’s stock down by nearly half since January, it still boasts sterling long-term performance. Since their October 2001 debut, the shares have appreciated 120 percent, obliterating the 18-percent advance of the S&P 500. But that’s yesterday’s news. Management has been on the hot seat since March 10, when the company announced it was slashing its earnings forecast because medical…

Tax reform fallout worries biz interests

March 24, 2008

Property tax reform is now Indiana law. Hoosier homeowners are thrilled. But many corporate leaders grumble the historic deal was brokered on the backs of business. Topping their concerns is the new 3-percent property tax cap for commercial and industrial properties, which they fear will slow business expansions and discourage companies from moving headquarters to the state.

State approves Marion County reassessment

March 26, 2008

The state of Indiana is satisfied with the results of Marion County’s property reassessment. This morning, the Indiana Department of Local Government Finance approved the new assessment of local residential, commercial and industrial property values via a letter to Marion County Assessor Greg Bowes. IBJ obtained a copy through a public records request. Gov. Mitch […]

New Shelby County TIF district proposed

April 9, 2008

Shelbyville officials want to create a fourth tax-increment finance district, this time at the Fairland exit on Interstate 74, where Indiana Downs is renovating its horse track and adding slot machines. In addition to the track, the 1,000-acre district would include a gas station, a warehouse and a former recycling center, among other properties. Although […]

VOICES FROM THE INDUSTRY: Selling your company? Welcome to the jungle

May 5, 2008

If you’re thinking about selling your company, you’ll get no further than typing your first Google search when the term “private equity” pops up and maybe to a fifth Google search when the term “strategic buyer” appears. Private equity firms seem to be everywhere these days. These funds are growing larger, going public and making (or failing to make) ever larger acquisitions. With the increased visibility, the reputations of private equity firms are still based largely on stereotypes. Think unfair…

ECONOMIC ANALYSIS: A healthy economy makes an uninteresting campaign

May 5, 2008

In this curious primary season, Indiana finds itself the brief center of attention as Sens. Hillary Clinton and Barack Obama invest time and treasure in the crossroads of America. The strongest focus in both their campaigns is my favorite subject-the economy. Both candidates bemoan the poor Hoosier economy, its job losses and income inequality. This would be a superb campaign approach for both candidates, except that their claims are wholly, totally and embarrassingly devoid of facts. Indiana’s economy is doing…

Student loan industry still in limbo, despite new law: Sallie Mae, others wait for details from government

May 12, 2008

A federal bill intended to bail out student loan lenders like Sallie Mae, one of central Indiana’s top employers, has raced like a bullet through Congress-a remarkable feat for Washington lawmakers. But what the future holds for embattled student lenders remains murky. While the newly passed measure will increase liquidity by allowing the U.S. Department of Education to buy loans, it leaves responsibility for working out the details to bureaucrats. In effect, Congress said in the bill that the Department…

Opposition expected to proposed TIF district

May 12, 2008

Shelby County residents who oppose a tax increment financing district near the Indiana Downs racino are expected to show up in large numbers this evening at the last public meeting scheduled before the Shelbyville Redevelopment Commission, according to The Shelbyville News. The Shelbyville plan commission and city council already have approved creating a fourth TIF […]

Shelbyville OKs new development district

May 14, 2008

The Shelbyville Redevelopment Commission has approved creating a tax increment financing district near the Indiana Downs racino, according to The Shelbyville News. About 80 residents showed up at a Monday night vote to voice opposition to the district, which would use taxes collected in the area to fund infrastructure improvements rather than going toward schools, […]

Tax appeals to open flood of business: Lawyers, consultants getting ready

May 19, 2008

Tax attorney Sandy Bickle looked forward this summer to taking her first two-week vacation since 1976. But the latest property reassessment and the tax bills to follow are expected to generate a slew of appeals, prompting Bickle to rethink her plans. “I’ll probably take one, but it won’t be two weeks,” lamented Bickle, who serves in an of-counsel capacity at Ice Miller LLP. “I expect to be very busy.” She’s not alone. Tax lawyers, consultants and appraisers all likely will…

State Chamber of Commerce sues Christian counterpart

July 7, 2008

On June 15, the Indiana Chamber of Commerce, which represents more than 4,800 businesses around the state, filed a federal
lawsuit against the upstart Indiana Christian Chamber of Commerce. The complaint alleges trademark infringement, unfair competition,
counterfeiting and forgery.

Sports Corp. made city a sports giant, but real estate plans fell short

July 14, 2008

Construction of Pan Am Plaza in the mid-1980s was a major step in the evolution of Indianapolis into a sports town worthy
of hosting a Super Bowl. But the office building, parking garage, skating rinks and public gathering place came up short over
the years in other ways for both taxpayers and developer, the Indiana Sports Corp.

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1,407 results for 'fair finance'

Articles

ECONOMIC ANALYSIS: Why state’s job growth is better than neighbors’

EYE ON THE PIE: Fiscal bombs in Hoosier political waters

ECONOMIC ANALYSIS: Indiana’s economy: The fundamentals are in place

Indy to host Urban Forum: Group that helps revitalize properties to showcase city’s projects

Bond market turmoil could raise costs for stadium, other projects

Against odds, AlGalCo pursues ‘Holy Grail’ of power cells

College endowments growing, but so is tuition

Flood of appeals expected after rushed biz property-tax assessment

BEHIND THE NEWS: Buybacks come back to haunt WellPoint

Tax reform fallout worries biz interests

State approves Marion County reassessment

New Shelby County TIF district proposed

VOICES FROM THE INDUSTRY: Selling your company? Welcome to the jungle

ECONOMIC ANALYSIS: A healthy economy makes an uninteresting campaign

Student loan industry still in limbo, despite new law: Sallie Mae, others wait for details from government

Opposition expected to proposed TIF district

Shelbyville OKs new development district

Tax appeals to open flood of business: Lawyers, consultants getting ready

State Chamber of Commerce sues Christian counterpart

Sports Corp. made city a sports giant, but real estate plans fell short