Though work on the Purple Line and Blue Line bus rapid transit lines will continue, transit system says some other planned route improvements are on hold.
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The 2026 sales forecast exceeds the 3.6% average annual sales growth over the past 10 years, excluding the pandemic period from 2020 to 2022.
Eli Lilly and Co. shares soared in midday trading Wednesday after the drugmaker reported fourth-quarter results that topped Wall Street expectations.
Despite Thursday’s positive forecasts, Republican state fiscal leaders showed no signs of any spending boosts for the tight budget that took effect July 1.
The Indianapolis-based pharmaceutical giant released its second-quarter earnings Thursday along with data from the latest studies of its weight-loss pill, orforglipron.
The automaker, which earlier this year laid off workers in Kokomo, anticipates an impact of about $351 million for net tariffs incurred, as well as planned production losses.
Elevance’s membership declined slightly from the first quarter, with drops in Medicaid and fewer people purchasing Affordable Care Act plans.
An economic bellwether because of its broad exposure to the global economy, FedEx said its latest outlook assumes the global economic, political and trade environment doesn’t worsen any further.
Growing costs, especially for Medicaid, could make it more difficult for Republican leadership to achieve a key goal: spending less than the state takes in.
State lawmakers have $1.5 billion more to work with than expected in the next two-year budget, according to revenue figures released by the Indiana State Budget Agency on Wednesday. But it’s unclear where that money will be directed.
The lackluster economic forecast comes as Indiana lawmakers prepare to return to the Indiana Statehouse on Jan. 9 to craft a two-year budget and consider funding increases to education, public health and workforce development programs.
State fiscal leaders heard some good and bad news about the state budget Monday morning in a highly anticipated revenue forecast that predicted tax receipts for the next two years.
House Speaker Brian Bosma said Thursday that the idea in House Bill 1002—part of a larger proposed retooling of the state's workforce development system—hasn't garnered enough support.
John Ketzenberger, a longtime local journalist who has been credited for stabilizing the institute’s finances, is mum so far on his plans after leaving the post.
Indiana lawmakers in final negotiations over the next two-year state budget got some good news Wednesday about revenue projections for 2018 and 2019.
House Ways and Means Chairman Tim Brown called the $31.4 billion budget an “honest appraisal of the money we have and the spending priorities we have going forward.”
Advocates of constructing a new archives building say the current location, on East 30th Street, is falling into disrepair and that the situation is getting dire.
The long-term forecast was sunnier, with revenue projected to increase 2.9 percent in 2018 and 3.9 percent in 2019.
Legislative leaders have sounded alarm bells over state revenue figures, saying lawmakers will need to take a cautious approach to investing in new programs such as expanding state-funded preschool and raising teacher pay.
The biggest shortfall came from corporate income taxes, which were $16.7 million—or more than 60 percent—below projections.
For the first eight months of fiscal year 2015, Indiana tax revenue is down 1 percent, or about $91 million. Tax receipts have missed expectations in six out of those eight months.
