The state has a new transparency website that pulls together Indiana budget data, spending reports and other financial information
that had previously been spread across multiple sites.
Including debt obligations, the CIB’s total budget for 2011 is expected to be $104.4 million. The City-County Council is set
to receive the budget at its Sept. 20 meeting and could approve it Oct. 25.
Indianapolis’ Department of Public Works Board and its City-County Council Rules and Public Policy Committee both will meet
on Monday to consider the long-term deal. It would need approval from the City-County Council before taking effect.
Capital Improvement Board president says initial $10 million payment to the Indiana Pacers is not only reason for the larger
budget. Rather, she insisted it’s largely due to $5 million in renovations slated for Conseco Fieldhouse and other CIB-operated
facilities.
The company is seeing a rush of new sales for its Web-based electronic medical record system from doctors, who all stand to
receive bonus payments from the federal stimulus act for computerizing their patient records.
The pitch from Mayor Greg Ballard’s administration to privatize the city’s parking meters is compelling, but the proposal
to sell the meters to Dallas-based Affiliated Computer Services Inc. has the city giving up more in the long run than is immediately
apparent.
Family and Social Services Administration Secretary Anne Murphy and acting Insurance Commissioner Stephen Robertson have sent
Gov. Mitch Daniels a letter that now estimates the overhaul will cost Indiana $235 million more than the previous estimate
in May.
Despite criticizing the latest stimulus package, Indiana Gov. Mitch Daniels said he will ask the federal government to send
the state more than $435 million for schools and Medicaid.
A combination of military service and education has helped Kevin Paul turn Indianapolis-based KPaul Properties LLC into one
of the fastest-growing companies in the nation.
Funding for city arts programs is expected to remain at $1 million in 2011, even as the mayor’s budget plan calls for cutting
$22
million in local spending. Funding for the parks department also should remain flat, at $21.1 million.
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.
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’s unemployment rate increased by a sliver, to 10.2 percent, in July despite increases in jobs in many industries.
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.
The city's AAA bond rating boosts proceeds to $153.8 million. It originally expected $140 million for street, bridge and
sidewalk projects.
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.
Program that aims to reach local population without bank accounts so far has helped more than 7,500 people open an account.
The firm, now based in Chase Tower, wants to acquire and renovate the building at 241 N. Pennsylvania St.
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.
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.
