Government moves closer to fresh aid for GMAC
The new infusion would be in the range of another $3 billion, short of the roughly $6 billion the government had earlier thought
GMAC would need to stabilize the company.
Government & Economic Development
Articles
Assessor predicts 2010 property tax bills will be on time
Indianapolis property tax bills, paid in two installments due in May and November, should be sent without delay for the first year since
2006.
Indiana schools will get budgets cut in January
Schools will lose about 3.5 percent of current state funding in 2010, starting with their January payment.
Stifel, Rokita reach settlement in auction-rate securities case
Agreement accelerates Stifel’s repayment of $54 million in auction-rate securities sold to 142 Hoosier investors.
Indiana population growth hits slowdown
IU’s Indiana Business Research Center said the state’s population growth in 2009 produced the smallest annual increase since
2004.
Indiana lawmakers hopeful about renewable energy bill
Legislation that could bring more wind turbines and solar power projects to the state failed in the last session’s closing
hours.
Estimates show slow population growth for Indiana
New U.S. Census figures show that Indiana’s population growth has slowed significantly—a slowdown Indiana University
researchers blame on the recession.
State lawmakers hopeful about renewable energy bill
Legislation that could bring more wind turbines and solar power projects to Indiana has a good chance of passing in the upcoming
legislative session after failing in the last session’s closing hours, two state lawmakers say.
Even as economy mends, a jobless decade may loom
The decade ahead could be a brutal one for America’s unemployed—and for people with jobs hoping for pay raises.
Businesses balking at Indianapolis fee proposal
The new year could bring substantially higher fees to businesses that are licensed by the city under a plan to shift the cost
of such licenses to the users.
Jobless claims, goods orders signal modest rebound
A fitful economic recovery is drawing strength from a stabilizing job market and signs that manufacturing will contribute
to the rebound. The evidence signals a better-than-expected end to the year, though doubts remain about growth in 2010.
Congress raises debt ceiling to $12.4 trillion
The Senate voted along party lines Thursday to raise the ceiling on the government debt to $12.4 trillion, a massive increase
over the current limit. Indiana Sen. Evan Bayh was the only Democrat to oppose the move.
Indiana, Michigan library groups merge to cut costs
The Indiana Cooperative Library Services Authority, known as ICOLSA, has merged with the Michigan Library Consortium to form
the Midwest Collaborative for Library Services.
Senate OKs health care measure, but work remains
The Senate has passed President Barack Obama’s landmark health care overhaul in a climactic Christmas Eve vote, extending
medical insurance to 30 million Americans. But the Senate’s bill still must be merged with legislation passed by the House,
and there are significant differences.
Trustee chooses $20.5 million Buckingham plan for old YMCA
The Center Township Advisory Board has picked Buckingham Cos. to redevelop a 2-acre property it owns
at 860 W. 10th St. near the IUPUI campus.
City tries to raise cash by privatizing operations
Indianapolis Mayor Greg Ballard pulled out his predecessor Steve Goldsmith’s Republican playbook and began exploring a host
of privatization proposals in an effort to save money.
Newly opened racinos already face credit crunch
Clear signs emerged in 2009 that the Hoosier gambling market is oversaturated.
Major credit rating agencies expressed concerns that several casinos, including the state’s new horse track “racinos”
on the outskirts of Indianapolis, might go bust before the year was finished.
CIB financial situation improving
The past year has been mighty unkind to the Capital Improvement Board, the entity charged with operating the city’s
professional sports venues and Indiana Convention Center.
Indiana banker meets with Obama, Geithner
Mark Schroeder, CEO of Jasper-based German American Bancorp, was one of just 12 community bankers who talked shop Tuesday
with the president and Treasury secretary.
First decade of century marked by buyouts and bubbles
The decade witnessed a massive terrorist attack, two wars, and a building-and-buyout boom fueled by easy credit.