Articles

City close to maxing out $7.3M snow-removal budget

The city spent about 70 percent of its annual budget on just the first 10 days of the year. With the Department of Public Works’ Indy Snow Force scheduled to work on the latest snowfall through 11 p.m. Tuesday, the city is nearing its cap.

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City loses top bond rating from Standard & Poor’s

Indianapolis had its bond rating cut from AAA to AA this week by financial rating service Standard & Poor's after the city dipped into reserve funds to balance its budget. Two other major ratings services retained the top rating.

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Indy council Democrats pitch budget alternative

City-County Council Democrats are pitching a 2014 budget alternative that would close an $8-million gap left by the majority party's refusal to go along with Mayor Greg Ballard on eliminating the homestead tax credit.

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Ballard won’t levy charter fee, despite fiscal squeeze

Mayor Greg Ballard is nationally recognized as a rigorous charter authorizer, picky about which schools open and willing to shut down the under-performers. But there is a cost to the city’s education work and Ballard may have to consider how much of it can be supported by the city’s maxed-out general fund alone.

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Ballard to nix parts of council budget

Mayor Greg Ballard plans to sign a $1 billion budget plan approved by the Indianapolis City-County Council earlier this month, but only after using his line-item veto powers to kill major portions of it.

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