Articles

Mayor wants to lure high-earners to boost income-tax base

Mayor Greg Ballard’s chief deputy has spent the past six months telling community and business leaders that the city simply cannot cut its way out of its revenue problems; it also needs to attract more people to live within city boundaries so they will pay their income tax to Indianapolis.

Read More

Team owner pitches lawmakers on soccer stadium

Indy Eleven owner Ersal Ozdemir fielded questions from legislators Thursday about the $87 million, state-financed outdoor stadium he has proposed. The meeting started with a warm reception for Ozdemir, and lacked any testimony against the plan.

Read More

Pence cracks door to electricity deregulation

The Pence administration is discussing whether to include electric-utility deregulation in a new state energy policy, making Indiana one of the few states since California’s electricity crisis to consider opening its market to competition.

Read More

Experts see limits to state’s low-tax strategy

Thanks to a concerted effort to lower taxes and government spending, Indiana ousted Texas this year in the Tax Foundation’s annual ranking of business tax climates. Indiana now holds the No. 10 spot and could rise higher by eliminating the business personal property tax, an equipment tax that experts say deters investment.

Read More

Indiana House gatekeeper open to soccer stadium

House Ways and Means Chairman Tim Brown said lawmakers will consider a plan by the IndyEleven soccer team to finance an $87 million stadium. The proposal is likely to be attached to an existing Senate bill.

Read More