Forecast: State revenues to miss expectations through 2015
New projections show Indiana will have nearly $300 million less in tax revenue to spend over the next two years than lawmakers thought when they wrote the current two-year budget.
Government & Economic Development
Articles
City loses top bond rating from Standard & Poor’s
Indianapolis had its bond rating cut from AAA to AA this week by financial rating service Standard & Poor's after the city dipped into reserve funds to balance its budget. Two other major ratings services retained the top rating.
U.S. Attorney announces new charges in Land Bank plot
The latest indictment charges Reginald T. Walton with wire fraud for his alleged role in a scheme involving the land bank and a city mowing contract.
T-shirt printer plans 105 jobs in Lawrence
ooShirts said it will invest $1.2 million to equip a 26,000-square-foot building that will house more than 25 automatic and manual presses.
Bipartisan budget agreement clears Congress
Congress sent President Barack Obama legislation Wednesday scaling back across-the-board cuts on programs ranging from the Pentagon to the national park system.
State reaches expansion deals with 7 companies
Indiana Gov. Mike Pence announced plans Wednesday for seven companies to expand or start operations in central Indiana, creating a combined 1,013 jobs over the next eight years if their plans come to fruition.
Ascension hospitals pledge 549 more service center jobs
Even though St. Louis-based Ascension Health cut nearly 900 jobs this year from its Indianapolis-based hospital subsidiary, St. Vincent Health, it wants to add 549 more to its service center here by 2016.
Bipartisan budget agreement nears final passage
Year-end legislation to ease Congress' chronic budget brinkmanship and soften across-the-board spending cuts moved to the cusp of final passage Tuesday, a rare display of Senate bipartisanship.
Indianapolis attorney picked for top spot at BMV
Donald M. Snemis, a partner at Ice Miller LLP's Indianapolis law office, has been named commissioner of the Indiana Bureau of Motor Vehicles by Gov. Mike Pence, the state announced Tuesday.
State’s top court gives Rockport developer a victory
The state's high court ruled unanimously Tuesday that an alteration of the contract the plant's developers signed with the Indiana Finance Authority did not constitute a significant change.
Pence makes another pitch for business tax cut
Talking to entrepreneurs at a center for business start-ups, Pence said the state can’t compete with its neighbors for private investment without eliminating the personal property tax on business equipment.
Pence names state Rep. Crouch new state auditor
Pence named the Evansville Republican to the statewide post Monday, weeks after his previous pick, Dwayne Sawyer, announced he was stepping down after just four months on the job.
Federal workers’ pensions targeted in budget deal
Their retirement programs are notably generous compared to the norm in private industry. But for federal workers hired after 2012, the pension program is turning less generous.
Farm Bureau: Ethanol proposal should be scrapped
The organization says corn prices have dropped more than 5 percent since word of the proposed U.S. Environmental Protection Agency rule was leaked in October.
Analysis: Timing a question for Pence 2nd-year agenda
Republican Gov. Mike Pence and his team are likely to run into time and space constraints if they push a broad agenda during a short session of the General Assembly.
Pence plans to appoint new state auditor on Monday
The previous auditor, Dwayne Sawyer, announced his resignation last month – effective Sunday – after just three months on the job.
Pence: State vying for Boeing airplane facility
Indiana is among 15 states competing for a $10 billion Boeing airplane manufacturing and assembly facility that could employ up to 8,500 workers by 2024.
IT management firm BlackInk plans downtown expansion
Technology management firm BlackInk IT plans to expand its downtown headquarters, adding 30 workers by 2017, the Indianapolis-based company announced Friday morning.
Union Station gets new scrutiny after spate of repairs
Seeing small repair projects pile up at the city’s iconic 19th-century train station, city officials have launched an effort to assess the building’s condition with the most thorough inspection in several years.
Suit spawns liquor-distribution showdown
Indiana’s largest beer distributor is mounting the latest legal challenge to the state’s arcane, Prohibition-era liquor laws. Indianapolis-based Monarch Beverage Co. Inc. is suing state officials, arguing the company should be able to also supply liquor to bars, restaurants and retail outlets.