Municipal finance pioneer retires after 33 years
Colette Irwin-Knott, the first female partner at Umbaugh, has retired after 33 years at the municipal financial advisory firm.
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Hamilton County seeks an out to avoid referendum for renovation
Hamilton County leaders are asking state legislators for relief from a 2008 law that requires all capital projects costing more than $12 million be put to a vote.
Dems look to downtown funds for Rebuild Indy alternative
City-County Council Democrats on Wednesday morning unveiled an alternative to the mayor's infrastructure-spending plan. It would involve less borrowing and use money in the downtown TIF fund.
Yellen to investors: Expect continuity at the Fed
Federal Reserve Chair Janet Yellen sought Tuesday to reassure investors that she will support the approach to interest-rate policy that her predecessor, Ben Bernanke, pursued before he stepped down as chairman last month.
Five questions: Indiana treasurer ponders course for yield rise
Richard Mourdock, a 62-year-old geologist and former coal-mining exec in his second term as Indiana treasurer, discusses his approach to managing $7 billion in state funds.
Investors await Fed’s decision on bond purchases
But most economists think that when the Fed's latest policy meeting ends Wednesday, it will announce that it's maintaining its pace of $85 billion a month in bond purchases.
Indiana maintains all three of its AAA credit ratings
Indiana has held AAA ratings – the highest available – with Standard and Poor’s, Moody’s, and Fitch Ratings since April of 2010.
Moody’s lowers Citizens’ credit ratings on $2.6B in bonds
The credit rating service has stuck with a “stable” outlook for Citizens’ ability to repay its debts. But an Oct. 3 report cites concerns across all the operations at the Indianapolis-based utility.
After tough August, investors face scary September
September is traditionally the stock market’s worst month of the year, but there are several unique events in store over the next few weeks that could make trading even more turbulent.
State pension fund’s performance falls short of target
With more money in bonds than in publicly traded stocks, Indiana’s $27.1 billion pension fund took a beating in the Bernanke sell-off and closed the fiscal year short of its targeted return.
UPDATE: City plans to borrow $135M to keep up Rebuild Indy
City officials said Thursday that they intend to spend $350 million over the next three years to improve streets, sidewalks, trails and bridges. More than a third would come from a proposed bond issue.
City Securities’ stumble opens door to rivals
City Securities Corp. has dominated the Indiana municipal bond market for decades, but the firm’s recent $580,000 settlement with the U.S. Securities and Exchange Commission could give issuers pause and competitors a foot in the door in the underwriting business.
City Securities paying $580,000 to settle SEC probe
The SEC said the Indianapolis investment firm and a southern Indiana school district made false statements to bond investors. The agency also said the head of City's municipal bond division, Randy Ruhl, provided improper gifts to bond issuers.
Issuers of bonds burned by rate hike
Government entities across Indiana have spent the past two years refinancing every possible bond to take advantage of historically low rates, but the savings might not be so easy to come by if rates continue to rise.
Indiana wraps up deal for Ohio River toll bridge
Toll revenue appropriated by the Indiana General Assembly is scheduled to pay off $1.48 billion in bonds by 2051.
Investment strategists confront shrinking interest rates
You know the investing climate is unusual when a stock’s dividend yields more than bonds issued by the same company.
Analysis: Ordinary folks are losing interest in stocks
Defying decades of investment history, ordinary Americans spooked by the Great Recession have been selling more stocks than they’ve been buying. The selling has not let up despite unprecedented measures by the Federal Reserve to persuade people to buy and the come-hither allure of a levitating market.
Carmel project dogged by conflict questions
An executive ousted from the firm developing The Barrington in Carmel alleges that the $142 million retirement-community project was driven by conflicts of interest.
TIF expert is adviser to many municipalities
Loren Matthes helped broker first tax-increment financing deal in the state
Carmel councilors want final say on city’s debt
Carmel City Councilor Eric Seidensticker on Thursday morning proposed an ordinance that would require the council to sign off on any additional debt. The ordinance is backed by at least five of the seven councilors.