Biden addresses thousands of vets in Indianapolis stop
Vice President Joe Biden discussed the drawdown of U.S. troops in Iraq during an address to a gathering of about 5,500
war veterans from across the country.
Government & Economic Development
Articles
Indiana gets $1M to monitor health insurance premiums
The state will use the money to review proposed premium increases. It also will look at best practices in other states to
identify areas where it can strengthen health insurance laws and rules.
Indiana, Indy stage small employment gains
Indiana’s unemployment rate increased by a sliver, to 10.2 percent, in July despite increases in jobs in many industries.
City chooses firm to oversee parking-meter operations
The city has entered into a 50-year lease agreement with Dallas-based Affiliated Computer Services Inc. The
city will receive $35 million upfront and a share of revenue to make sidewalk and street repairs. Parking meter rates are
expected
to double in some areas.
City lands $13.8M more than expected from water deal
The city's AAA bond rating boosts proceeds to $153.8 million. It originally expected $140 million for street, bridge and
sidewalk projects.
IT firm approved for tax breaks on $29 million project
Lightbound LLC plans to construct 50,000-square-foot data center near Kentucky Avenue on the city’s southwest side. The abatement
should save the company $2.5 million.
Bank On Indy initiative nearing first-year goal
Program that aims to reach local population without bank accounts so far has helped more than 7,500 people open an account.
Summit Realty pursues downtown building for HQ
The firm, now based in Chase Tower, wants to acquire and renovate the building at 241 N. Pennsylvania St.
Receiver: Schrenker can’t pay restitution
Former money manager who tried to fake his death in a plane crash may not have enough money to pay restitution required as
part of a plea deal on securities fraud charges.
Heat wave could renew push for later school start
A mid-August heat wave that has left some students sweltering in classrooms without air conditioning could renew the push
for an Indiana law preventing schools from starting classes before Labor Day.
Daniels: Schools likely will avoid more budget cuts
Indiana Gov. Mitch Daniels says the state's current assessment is that education funding will not have to be reduced further
after $300 million in cuts this year.
State to receive $83M in housing aid
The Treasury Department said Wednesday it will send $2 billion to 17 states that have unemployment rates higher than the national
average for a year. Indiana is due to receive $83 million. States will use the money for programs to aid unemployed homeowners.
Lugar expects to seek 7th Senate term in 2012
Republican Sen. Richard Lugar said Wednesday that he plans on seeking a seventh term in 2012 in a bid that would extend his
run as the longest-serving U.S. senator in Indiana history.
Parking rates could double under city plan
City leaders expect to select a manager to oversee parking operations within the next week.
Daniels defends stance on more federal money
Democrats are denouncing Indiana Gov. Mitch Daniels for saying that the federal government sending additional money to the
states is not a good idea — after he signed a letter in February asking Congress to extend enhanced payments to fund
Medicaid.
Indiana’s two busiest casinos see opposite trends
Indiana's two busiest riverboats each saw big swings in their business last month, with the top Lake Michigan casino seeing
an 11 percent jump in revenue and the leading boat on the Ohio River recording an equal decline.
Murphy aims to make Louisville firm big local player
The longtime state representative is merging his communications firm into Louisville-based Peritus, which has offices in five
states.
Counties brace for big tax losses next year
Indiana counties will receive $1.3 billion in income tax revenue in 2011, nearly 16 percent less than they did this year.
Marion and Hamilton counties will suffer major reductions in distributions.
Daniels: Stimulus should focus on companies, not states
Indiana Gov. Mitch Daniels said he opposes more stimulus such as aid to states to keep teachers hired and to expand credit
to small business, while favoring incentives to revive private hiring and investment.
Southwest Indiana farmers in I-69’s path upset over land offers
So far, the state has spent $20.3 million to buy 209 parcels. Another $69.7 million is budgeted for purchases through June
30, 2011.