Articles

State Senate leader warns city about raiding CIB funds

Council Democrats want to take funds from the Capital Improvement Board’s $67 million cash reserve to help shore up the city’s budget. But State Sen. Luke Kenley lobbed a threat that might make them think twice about pursuing the proposal.

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City asks developers to make local hires in downtown TIF

Indianapolis city-county councilors hope expanding the downtown TIF district will mean more jobs for their constituents. Developers, city contractors and other firms benefiting from the expanded economic-development zone must try to ensure that 40 percent of their work force comes from within the expanded TIF area.

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Neighborhoods back new ‘north-midtown’ TIF area

The Indianapolis City-County Council will have more than one big tax-increment finance issue to consider at a meeting Monday night. A new TIF district stretching from Fall Creek to White River along College Avenue will be introduced.

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City-County Council OKs domestic partner benefits

Mayor Greg Ballard said he hasn't decide whether he will veto the measure. The mayor said he would prefer coverage be provided only to same-sex partners because he believes offering it to heterosexual couples is a "disincentive to marry."

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Public safety due for budget cuts, mayor says

Public safety and criminal justice are the only places left in the city-county budgets to look for ways to close a $27 million spending gap for 2013. Sheriff, police, fire and court budgets account for 85 percent of the $569 million general fund.

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TIF study highlights district shortfalls

The tax-increment finance district created around the former United Airlines maintenance hub at Indianapolis International Airport doesn’t generate enough revenue to meet its annual debt payment. Neither do several other area TIF districts.

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