State’s pensions stung by oil plunge
The drop in oil prices since July left more money in consumer bank accounts, but it was costly to Indiana’s pension funds.
The drop in oil prices since July left more money in consumer bank accounts, but it was costly to Indiana’s pension funds.
Indianapolis Mayor Greg Ballard’s deputies are finally revealing the numbers behind the promise that Marion County can build a $1.7 billion criminal justice center without a tax increase. And they are a work in progress.
The Senate Education Committee is considering numerous pieces of education-related legislation, including a bill aimed at removing the state superintendent of public instruction as chair of the Indiana State Board of Education.
Indianapolis Mayor Greg Ballard has signed the city's proposed Preschool Scholarship Program ordinance into law and the program has begun accepting applications.
House Bill 1270 would allow horse racing fans to bet on their favorite horses from their personal phones or computers.
Food container manufacturer Royal Interpack North America Inc., a subsidiary of Thailand-based Royal Group, announced plans Tuesday to spend $11.9 million to open its first Midwest plant.
Leaders from some of Indiana's poorest school districts said Tuesday they fear proposed funding cuts they're facing, while those from growing districts are worried proposed increases for them won't be enough.
Rep. Justin Moed, D-Indianapolis, issued an apology Tuesday for what he calls “poor judgment” following an online report that he sent nude photographs of himself and gifts to a woman tied to a 2013 sexting scandal involving a former New York congressman.
The defense and aerospace contractor plans to add another 249 workers to its existing work force of 912 in Indianapolis by the end of 2020. It also plans to invest about $26 million on the local expansion.
Gov. Mike Pence, Raytheon executives and officials for the Indiana Economic Economic Development Corp. have scheduled a Monday afternoon press conference at Raytheon Technical Service Co. LLC to officially announce the local expansion.
House Speaker Brian Bosma and House Ethics Committee Chairman Rep. Greg Steurwald did legal work for the Indy Eleven and owner Ersal Ozdemir's Keystone Construction Corp.
Dozens of proposals have been sidelined, including one that would create a $2 million program to treat those with traumatic brain injuries.
Matthew Kimmick, who starts the new job Monday, has been interim controller since October, when Jason Dudich left the role to become chief of staff.
The plaintiffs—two paper companies and a local citizen—hope Marion Superior Judge Cynthia Ayers will halt the city's long-term contract with incinerator operator Covanta, which plans to build a new recycling facility on Harding Street.
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.
Indiana Senate budget chief Luke Kenley said he might be a bit more restrained with spending in his version of the next two-year budget because the state has not been meeting its revenue projections for the current fiscal year.
The owners of more than 20 polluted industrial sites in Indianapolis are hiding behind the legal protections of a state-run voluntary program to delay cleanup, Mayor Greg Ballard alleges in a letter to state regulators.
An IBJ analysis of occupancy data from nursing homes built since 2012 and open at least one year found that newer facilities are filling their skilled-nursing beds at a lower rate than established nursing homes statewide.
Two Indianapolis-based companies have reached incentive agreements with the state's economic development agency to create nearly 50 jobs in total over the next four to five years.
Senate Commerce and Technology Committee members voted 6-0 Thursday to advance the measure that would gradually phase out the sale and production of cosmetics with microbeads. The House unanimously passed the legislation last month.